Tuesday 24 January 2017

Nuclear deal, oil and gas: geopolitics game at play

Friends again, Merkel and Hollande to work more closely on 'security issues' and, with Italy, to collaborate on the development of a European drone

Published 05/04/2015 | 02:30

FRIENDS: German Chancellor Angela Merkel and French President Francois Hollande after a press conference at the Chancellery last week, in Berlin. Photo: Getty
FRIENDS: German Chancellor Angela Merkel and French President Francois Hollande after a press conference at the Chancellery last week, in Berlin. Photo: Getty

Iranians celebrated in the streets after negotiators reached a framework for a nuclear accord, and US President Barack Obama hailed an "historic understanding", but senior global diplomats cautioned that hard work lies ahead to strike a final deal.

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The tentative agreement, struck last Thursday after eight days of talks in Switzerland, clears the way for a settlement to allay Western fears that Iran could build an atomic bomb, with economic sanctions on Tehran being lifted in return.

It marks the most significant step toward rapprochement between Washington and Tehran since the 1979 Iranian revolution, and could bring an end to decades of Iran's international isolation.

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