Iran, world powers unable to overcome impasse over Teheran’s nuclear programme

No breakthrough could be achieved in the Moscow round of talks between Iran and the 6 major world powers – the USA, Britain, France, Russia, China and Germany, over Teheran’s nuclear programme. The negotiations concluded with a decision to organize a technical follow-up meeting in Istanbul on July 3, 2012.

What is the stand of Western countries on Iran’s Nuke programme?

• Western countries want Tehran to stop higher grade uranium enrichment that can be used to device Nuclear weapons and also demand to shut down Fordow plant and transport the enriched uranium to other nations

What is Iran’s take on the same?

• Iran insists on removing economic sanctions against it and considers uranium enrichment its right

What can be the implications of these conked out talks?

• These conked out talks have expanded the threat of complete embargo over the sale of Iranian oil by European Union and US by July 1, 2012. In has also raised the possibility of conflict in the Middle East and can drive the crude prices higher aggravating the global economic crisis.

Month: Current Affairs - June, 2012