As a part of moves towards a nuclear deal between Iran and the six world powers it is negotiating with, a tentative proposal has been announced for granting sanctions relief to Iran.
A draft agreement outlining how the sanctions will be lifted and when will be signed soon between the parties. It represents a huge milestone in the ongoing nuclear talks, two senior diplomats told AP.
The diplomats spoke anonymously to the news agency because they're not authorised to publicly discuss the confidential negotiations.
A senior US official did not dispute the diplomats’ account but said work remains to be done before the issue could be described as finalised.
The nuclear deal was originally intended to be fully agreed upon by June 30, however negotiators now hope to wrap up the deal by July 7.
The news of an agreement over sanctions relief comes on the same day the UN nuclear watchdog announced a report into past Iranian research and nuclear weapons development could potentially be released by the end of this year if Tehran cooperates, the agency's chief said on Saturday.
The announcement indicates there is hope of a possible compromise on the horizon regarding one of the main obstacles hindering the completion of the deal, which is a detailed inspection of Iran’s past nuclear power programme.
"With cooperation from Iran, I think we can issue a report by the end of the year on the assessment of the clarification of the issues related to the possible military dimensions," International Atomic Energy Agency Director-General Yukiya Amano told reporters.
Amano visited Iranian President Hassan Rouhani in Tehran on Thursday along with other top officials to discuss the stalled IAEA investigation into Tehran's past nuclear work.
Apparent progress was achieved according to Amano, but he also said more work would be needed.
The six world powers Iran is engaging in the nuclear talks with are the P5+1, the five permanent members of the UN security council - the Britain, China, France, and Russia - as well as Germany. The P5+1 wishes to reach an agreement it considers will satisfactorily regulate the Islamic country’s nuclear research and development programme, which has been ongoing for over 12 years, in exchange for the ending of sanctions which have crippled the country’s economy.