US Middle East envoy Steve Witkoff and Iran's Foreign Minister Abbas Araghchi will lead negotiations for their sides. AFP
US Middle East envoy Steve Witkoff and Iran's Foreign Minister Abbas Araghchi will lead negotiations for their sides. AFP
US Middle East envoy Steve Witkoff and Iran's Foreign Minister Abbas Araghchi will lead negotiations for their sides. AFP
US Middle East envoy Steve Witkoff and Iran's Foreign Minister Abbas Araghchi will lead negotiations for their sides. AFP

US-Iran talks will prevent war but progress will be slow, experts say


Mina Aldroubi
  • English
  • Arabic

Talks between the US and Iran set for the weekend are not expected to yield major results but could prevent a military attack against Tehran that would have a dangerous regional impact, experts have told The National.

Although the agenda for the negotiations in Oman remains uncertain, the two sides are likely to discuss Iran's nuclear capabilities and missile arsenal, as well as the influence it wields across the Middle East through allied groups.

“The talks will not deliver immediate success or failure but will be a part of a longer discussion that cannot be concluded so quickly,” said Sanam Vakil, director of the Middle East and North Africa programme at London-based think tank Chatham House.

“The meeting – whether direct or indirect – will be important to set out the framework and issues on the table,” she told The National.

These talks can “prevent further advancements in Iran's nuclear programme and stop a military attack that will be extremely dangerous not just for Iran but for the region as a whole”, she said.

Earlier this week, both Iranian Foreign Minister Abbas Araghchi and US President Donald Trump confirmed the talks would take place, but they differed on whether they would be conducted directly or through intermediaries.

Since Mr Trump sent a letter in early March to Iran's supreme leader Ayatollah Ali Khamenei calling for dialogue, there has been disagreement over the issue.

US President Donald Trump has simultaneously called for a diplomatic deal while also voicing plans for a military attack on Iran. AP
US President Donald Trump has simultaneously called for a diplomatic deal while also voicing plans for a military attack on Iran. AP

Mr Khamenei, who holds ultimate authority over foreign policy matters, has repeatedly expressed opposition to holding direct talks with the Trump administration, which he blames for the collapse of a 2015 deal with world powers that placed limits on Iran's nuclear activities in return for sanctions relief. Mr Trump pulled the US out of the deal in 2018, during his first term as president.

Since returning to office, Mr Trump has taken a carrot and stick approach to dealing with Iran, simultaneously calling for a diplomatic deal while also voicing plans for a military attack with “bombing the likes of which they have never seen”.

He has said “Iran is going to be in great danger” if the talks are unsuccessful.

For his part, Mr Araghchi has expressed a willingness to secure an agreement, writing in the Washington Post on Tuesday that Tehran was “ready to engage in earnest and with a view to seal a deal”.

“It is as much an opportunity as it is a test,” Mr Araghchi wrote. He said his country's top priority is the lifting of sweeping US sanctions. Their reimposition by Mr Trump in 2018 as part of a “maximum pressure” campaign has dealt a heavy blow to the Iranian economy, with inflation running high and the currency plunging.

“If the other side shows enough of the necessary willingness, a deal can be found,” Mr Araghchi said. “The ball is in America's court.”

Preventing war

Farzan Sabet, managing researcher at the Geneva Graduate Institute, told The National that the talks are an opportunity to prevent violence. “What I think is at stake is the prospect of war or at the very least a significant military conflict, including US strikes on Iran and Iranian retaliatory strikes,” he said.

The likelihood of a military clash is higher than at any time in the past and will remain high if a concrete deal is not reached between the two sides, Mr Sabet added.

Iranian President Masoud Pezeshkian visits an exhibition of Iran's nuclear achievements in Tehran on Wednesday. AP
Iranian President Masoud Pezeshkian visits an exhibition of Iran's nuclear achievements in Tehran on Wednesday. AP

“The chances for a potential conflict do increase over time – despite the fact that Iran is not looking for a confrontation – and President Trump would prefer to avoid that outcome,” he told The National.

The threat of war comes at a time of shifting dynamics in the Middle East that place Tehran in a vulnerable position. Regional armed groups allied to Iran have been weakened by months of military conflict with Israel, while Tehran has lost an ally with the fall of former Syrian president Bashar Al Assad.

Iran's “deterrent capabilities have been weakened and just as importantly, the perception of their military strength has gone down, so they're viewed both within the region and beyond as being relatively weaker than before October 2023", Mr Sabet said.

Talking points

At the top of the agenda for the talks will be the nuclear programme, Iran's missiles and its proxies in the region, experts said.

Washington will press Tehran to stop nuclear enrichment, hand over its supply of enriched uranium and destroy its existing nuclear facilities as well as stop its support for regional military groups. This will be rejected by Iran's senior officials, analysts told The National.

On the table will be questions such as “how much do you curb enrichment, and do you leave a residual enrichment programme?” said Dina Esfandiary, an Iran expert and Middle East geo-economics lead at Bloomberg Economics.

“Some people in the US system have been calling for complete dismantlement of Iran's programme. I think that's a non-starter for Iran. If that's their opening salvo, it's not going to go very far,” Ms Esfandiary told The National.

For the Iranians, the question of how much sanctions relief they can secure will be a top priority. “I think there's going to be a little bit of a dance, push and pull on those two main issues,” Ms Esfandiary said.

An initial agenda will be set out when US envoy to the Middle East Steve Witkoff engages with Mr Araghchi on Saturday.

“Both sides will then return to their respective capitals for feedback, and if the progress is viewed as positive there, come back with a more concrete idea of what issues they want to address,” Mr Sabet said.

But Ms Esfandiary indicated that Washington could find the negotiations slow and challenging, with Mr Araghchi a seasoned diplomat with decades of experience on the nuclear file.

“To put it mildly, I wouldn't want to be Mr Witkoff,” she said.

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It's up to you to go green

Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.

“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”

When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.

He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.

“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.

One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.  

The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.

Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.

But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”

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16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
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Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

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Rating: 3.5/5

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England squads for Test and T20 series against New Zealand

Test squad: Joe Root (capt), Jofra Archer, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Jack Leach, Saqib Mahmood, Matthew Parkinson, Ollie Pope, Dominic Sibley, Ben Stokes, Chris Woakes

T20 squad: Eoin Morgan (capt), Jonny Bairstow, Tom Banton, Sam Billings, Pat Brown, Sam Curran, Tom Curran, Joe Denly, Lewis Gregory, Chris Jordan, Saqib Mahmood, Dawid Malan, Matt Parkinson, Adil Rashid, James Vince

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Updated: April 09, 2025, 1:46 PM