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Is there a future for the Iranian nuclear talks

Rob Malley, Joe Biden’s special envoy for Iran, said on December 21 that the time for a renewal of the 2015 nuclear agreement with Tehran is running out and raising the risk of an "escalating crisis.” His message, via CNN, was clear about the US official view of the future of the Joint Comprehensive Plan of Action, agreed by Barack Obama in 2015 and abandoned by Donald Trump three years later.
Malley, a veteran US diplomat and international expert, was speaking just days after another pause in the Vienna talks, the seventh round of negotiations between Iran and the remaining parties to the JCPoA, with little visible movement toward a new agreement. The talks will resume on December 27. An awful lot hangs on these negotiations being a success – not least preventing a potentially catastrophic war in an already volatile region.
But it is hard to be optimistic about their outcome as negative signs have multiplied in recent weeks. Several public messages are helpful in understanding the implications of a failure. Israeli pressure on the US and Iranian hostility to Israel are a toxic combination. As is Israeli determination to signal its readiness to use any means to resist Tehran’s acquisition of nuclear weapons and limit its regional activities.
That might well be the reason why a former head of Israel’s military intelligence service said recently that Mossad secret service agents had taken part in the assassination of Qassem Soleimani, claimed officially by President Donald Trump. No-one who followed that key event would have been surprised by that revelation as Soleimani was the embodiment of Iranian hostility to the west and its regional allies.
His killing, in January 2020, a year before Biden replaced Trump, symbolized the dangers of a military confrontation between the US and Iran, with the then Israeli prime minister Binyamin Netanyahu goading the US to take action. In another recent scoop a senior US defence official was quoted as saying that Netanyahu was “willing to fight Iran to the last American soldier,” during the fallout of the Quds Force commander’s killing.
Other stances are Iran’s demand that the sanctions imposed by Trump must be withdrawn in their entirety, part of Washington’s “maximum pressure” campaign against Tehran – a position the European counterparts regard as maximalist. Iran also wants a period to verify the lifting of sanctions, and guarantees the US will not renege on the accord again.
The central issue facing negotiators is the Iranian government’s insistence that it has no nuclear weapons programme and it is only for civilian use – despite having increasingly high levels of enrichment that are solely for military use. It is clearly using enrichment as a means of pressure. As Malley said: “Iran is nearing the capability to develop a nuclear weapon in the near future. If they continue at their current pace, we have some weeks left but not much more than that, at which point, I think, the conclusion will be that there's no deal to be revived.”
Iranian state media quoted Foreign Minister Hossein Amirabdollahian as saying, presumably in response to Malley: “We do not see the position of some European countries as constructive, specifically that of France. When they say they are concerned about the progress of Iran's nuclear programme, we say out loud: ‘If you want to have your concerns addressed, then all sanctions must be lifted.’”
The Vienna talks have made little progress since they resumed in early December after a five-month hiatus following the election of President Ebrahim Raisi. Hardliners like him and Amirabdollahian fear that a renewed JCPoA would increase western pressure to curb Tehran’s regional influence (in Iraq, Lebanon and Yemen) and its ballistic missile programme. There was a disturbing reminder of that issue when Iran last week conducted a five-day military exercise, including ballistic missiles, and described it as a warning to threats made by the “Zionist regime”.
Iran’s domestic politics are another relevant factor too: improved ties with the US and western allies would also improve the chances of Iranian reformers and is therefore predicted to encourage Raisi and his sponsor Ayatollah Khamenei to abandon the JCPoA.
Messaging matters: the US is clearly signalling that its patience is running out. Iran is saying that sanctions have to be lifted. The damage done to America’s international reputation by the chaotic withdrawal from Afghanistan is another significant factor – as is Washington’s receding interest in the Middle East and the enormous distraction of confronting an increasingly assertive China.
Another related one is the risk that Tehran may benefit from increasingly close ties with Beijing and use that relationship to export more oil to China and perhaps give it access to islands on the Persian Gulf and the Gulf of Oman.
The day after Malley gave his CNN interview, Biden’s national security adviser Jake Sullivan, visiting Israel, transmitting the same message, said that the Vienna talks with Tehran may be exhausted within weeks. If that happens all bets will be off for a highly sensitive and explosive issue with global implications in the course of 2022.
BY: IAN BLACK
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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