Emmanuel Macron said UN sanctions on Iran will return by September 27

French President Emmanuel Macron told Israel’s Channel 12 on Thursday that United Nations sanctions on Iran will be back in force at the end of ￰0￱ directly if the sanctions were a “done deal,” Macron replied, “Yes, I think ￰1￱ the latest news we have from the Iranians are not serious.” Macron then explained that Iran’s foreign minister Abbas Araghchi “tried to make a reasonable offer” to European leaders, but his plan lacked support from others inside the Iranian ￰2￱ Wednesday, Iran gave Britain, Germany, and France a proposal aimed at avoiding ￰3￱ leaders advance snapback mechanism Axios had reported that a draft resolution to extend the suspension of sanctions was circulated at the UN Security Council on Thursday, with a vote planned for ￰4￱ the draft is unlikely to pass, meaning the snapback mechanism would move forward, restoring sanctions on Iran come September 27.

Britain, France, and Germany triggered the snapback process on August 28 under Resolution ￰5￱ demanded Iran return to negotiations, allow wider inspections, and explain missing uranium ￰6￱ warned last week that if sanctions return, “they will be excluded from nuclear negotiations with the Islamic Republic.” Oil prices showed little reaction to the political ￰7￱ crude slipped 1 cent to $67.43 per barrel, and ￰8￱ Texas Intermediate dipped 4 cents to $63.53. Both benchmarks remained on track for a second week of gains, even as the ￰9￱ Reserve cut interest ￰10￱ E3 offered to delay the sanctions for six months if Iran allowed inspectors from the International Atomic Energy Agency back into nuclear facilities and opened talks with ￰11￱ also sought answers about Iran’s enriched uranium stocks, which remain uncertain since Israeli and ￰12￱ hit Iranian nuclear sites in ￰13￱ warns sanctions will return On Wednesday, the E3 foreign ministers and EU foreign policy chief Josep Borrell spoke by phone with Abbas ￰14￱ call came after a deal last week between Iran and the IAEA to resume cooperation, which also allowed for inspections “in principle,” but Western diplomats said it lacked details, set no timeline, and left Tehran with room to ￰15￱ said it is still refining how to work with the ￰16￱ told Iranian state media that the government was acting “with a responsible approach” and seeking a “fair and balanced” ￰17￱ added, “It is now the turn of the opposing parties to use this opportunity to continue the diplomatic path and prevent an avoidable crisis.” Germany’s foreign ministry said on X that Iran had “yet to take the reasonable and precise actions necessary” to extend Resolution ￰18￱ said sanctions would target Iran’s financial, banking, hydrocarbons, and defense sectors unless there were concrete steps “in the coming days.” Four European diplomats and an Iranian official said the most likely outcome was sanctions being ￰19￱ Iranian diplomat confirmed to Reuters that Tehran would retaliate if the sanctions are ￰20￱ Iranian official added, “The understanding in Tehran is that the UN sanctions will be ￰21￱ is why Tehran refuses to give concessions.” Want your project in front of crypto’s top minds?

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