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Publish Date27/02/2013 11:19:47 AM
Last Update27/02/2013 12:03:12 PM
Iran and six world powers including the U.S., Germany, China, Russia, France and UK concluded on Wednesday two days of talks in Almaty, Kazakhstan.
During the first day, the world powers offered Tehran some sanctions relief if it stops producing the medium-enriched uranium.
Iran was offered eased banking, petrochemical and gold sanctions if Tehran ceases its output of 20% enriched uranium.
While on the second day, Iran agreed to follow-up discussions in Istanbul on March 18-19 and reconvene for a full meeting on April 5-6 in Almaty, Kazakhstan.
Although there was no deal diplomats and experts believe Iran’s pledge to hold further discussions is a positive sign.
Even Iran’s chief nuclear negotiator, Saeed Jaleeli, said after the meeting that the talks had been “a positive step.”
Jaleeli added that the meeting is a “turning point” in talks, saying that a “more realistic and logical” proposal was made to Iran.
Western diplomats believe there is need for progress in talks with Iran “if a military confrontation is to be avoided in 2014”.
Crude oil is trading as of this writing around the $92.85, falling slightly in the last four hours as the progress in nuclear talks eased the worries over oil supply.
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