US special envoy for Iran Robert Malley said on Sunday that a deal with Iran is unlikely unless four US citizens detained in the country are released.
"They are separate and we are pursuing both of them. But I will say it is very hard for us to imagine getting back into the nuclear deal while four innocent Americans are being held hostage by Iran," Mr Malley told Reuters from Vienna.
"So, even as we are conducting talks with Iran indirectly on the nuclear file, we are conducting, again indirectly, discussions with them to ensure the release of our hostages."
The four US citizens include Iranian-American businessman Siamak Namazi, 50, and his father Baquer Namazi, 85, both of whom were convicted of "collaboration with a hostile government".
Siamak remains in prison while his father was released on medical grounds in 2018 and his sentence reduced to time served. However, the elder Mr Namazi is unable to leave the country, according to his lawyer.
Environmentalist and co-founder of the Persian Wildlife Heritage Foundation, Morad Tahbaz, 66, is the third American detained in Iraq. Mr Tahbaz, who also holds British citizenship, was arrested in 2018 along with eight of his colleagues and was sentenced to 10 years in jail a year later.
The fourth is businessman Emad Shargi, 57, who was originally arrested in 2018. He was eventually released and banned from leaving Iran before being arrested once again.
In response to Mr Malley's comments, Saeed Khatibzadeh, spokesman for the Iranian foreign ministry said the issue of prisoners would not be tied to the nuclear talks.
"Iran has never accepted pre-conditions on the negotiations. We shouldn't make already complicated talks more complicated," he told reporters on Monday.
Indirect talks over Iran's nuclear programme between Tehran and Washington have been continuing in Vienna, with Russia, China, France, Germany, the UK and the EU taking part.
Iran and the US have both not complied with the Joint Comprehensive Plan of Action (JCPOA) since former US president Donald Trump pulled his country out of the deal and reimposed sanctions on Tehran, breaching the terms of the original deal.
Progress on the talks has been slow so far but there has been growing optimism surrounding the possibility of a deal being made. Asked if Iran and the US might negotiate directly, Mr Malley said: "We have heard nothing to that effect. We would welcome it."
Mr Khatibzadeh continued to voice optimism from the side of Iran saying on Monday the talks are "on the right track."
Russia's ambassador in Vienna met Iran's top negotiator Ali Bagheri on Sunday to go over notes from the last week of meetings. Mr Bagheri also met the EU's Enrique Mora before the broader session at the Palais Coburg in Vienna.
While no formal deadline has been set, negotiators have indicated that talks could end over the next couple of weeks.
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures and results:
Monday, UAE won by three wickets
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
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Basquiat in Abu Dhabi
One of Basquiat’s paintings, the vibrant Cabra (1981–82), now hangs in Louvre Abu Dhabi temporarily, on loan from the Guggenheim Abu Dhabi.
The latter museum is not open physically, but has assembled a collection and puts together a series of events called Talking Art, such as this discussion, moderated by writer Chaedria LaBouvier.
It's something of a Basquiat season in Abu Dhabi at the moment. Last week, The Radiant Child, a documentary on Basquiat was shown at Manarat Al Saadiyat, and tonight (April 18) the Guggenheim Abu Dhabi is throwing the re-creation of a party tonight, of the legendary Canal Zone party thrown in 1979, which epitomised the collaborative scene of the time. It was at Canal Zone that Basquiat met prominent members of the art world and moved from unknown graffiti artist into someone in the spotlight.
“We’ve invited local resident arists, we’ll have spray cans at the ready,” says curator Maisa Al Qassemi of the Guggenheim Abu Dhabi.
Guggenheim Abu Dhabi's Canal Zone Remix is at Manarat Al Saadiyat, Thursday April 18, from 8pm. Free entry to all. Basquiat's Cabra is on view at Louvre Abu Dhabi until October
Retail gloom
Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.
It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.
The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
UAE currency: the story behind the money in your pockets