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« Tiny nuclear waste fee added up to billions | Main | Environmental study on uranium mining announced »
Tuesday
May132014

Six powers, Iran enter crunch phase of nuclear diplomacy

(Reuters) - Six world powers and Iran launch the decisive phase of diplomacy over Tehran's nuclear work during three-day talks starting in Vienna on Wednesday, with the aim of resolving their decade-old dispute by July 20 despite skepticism a deal is possible.

After three months of broad discussions about expectations rather than possible compromises, the sides now plan to start drafting the text of a final accord that could put an end to years of hostility and mistrust and curtail the risk of a new war in the Middle East.

In the next two months, the six powers - the United States, RussiaChinaFrance, Britain and Germany - want Iran to agree to dramatically cut back its nuclear work, which they fear has the aim of producing weapons, while Iran wants them to eliminate devastating economic sanctions.

Diplomats from both sides have said they want to resolve all sticking points about issues such as Iran's capacity to enrich uranium and the future of its nuclear facilities, as well as the timeline of sanctions relief, by the middle of July.

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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