Iran says it has broad agreement with the US on lifting sanctions

The landmark accord has been delayed because there are some sticking points, but not an impasse, Iran said.

Iran said it has reached a broad agreement with the U.S. over the lifting of sanctions on its industrial sectors, including energy, but warned there was “very little time left” for world powers to revive a 2015 nuclear deal. Saeed Khatibzadeh, spokesman for Iran’s Foreign Ministry, didn’t give more detail on the potential easing of trade restrictions, which have all but prevented the Islamic Republic from exporting oil and battered its economy. The landmark accord was being delayed because there are still sticking points, he told reporters in Tehran on Monday. Oil markets are closely watching the negotiations, which are taking place in Vienna, for any clues as to when the OPEC member will be able to resume crude sales and how quickly Washington will allow it to ramp up production.