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John Kerry

Oil & Gas

Kerry meets Arab Gulf ministers to ease concerns over Iran deal

Secretary of State John Kerry is meeting Gulf foreign ministers Monday to provide assurances that the US commitment to the oil-rich region isn’t wavering after last month’s landmark nuclear agreement with Iran. The region is confronting unprecedented “circumstances and challenges,” Qatar’s Foreign Minister Khalid Al-Attiyah said in Doha, the country’s capital, before the talks with Kerry. “We are aiming to achieve security and peace and stability with the help of the US.” The nuclear pact Iran reached with world powers in Vienna has rattled Gulf countries skeptical about rival Iran’s atomic and regional ambitions. They worry that Iran will use the agreement to deepen its involvement in Arab affairs as sanctions are lifted and its economy and revenue expand.

Oil & Gas

Iran nuclear deal agreed after marathon negotiations

A landmark nuclear agreement has been reached with Iran after clearing final obstacles, a senior diplomat said today. The diplomat said the deal agreed at talks in Vienna includes a compromise between Washington and Tehran which would allow UN inspectors to press for visits to Iranian military sites as part of their monitoring duties. But access at will to any site would not necessarily be granted and, even if so, could be delayed - a condition that critics of the deal are sure to seize on as possibly giving Tehran time to cover any sign of non- compliance with its commitments. Under the deal, Tehran would have the right to challenge the UN request and an arbitration board composed of Iran and the six world powers that negotiated with it would have to decide on the issue. Nevertheless, such an arrangement would be a notable departure from assertions by top Iranian officials that their country would never allow the UN's International Atomic Energy Agency into such sites. Iran has argued that such visits by the IAEA would be a cover for spying on its military secrets.