Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty
Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty
Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty
Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty

Iran seeking more diplomatic talks with the West


Thomas Harding
  • English
  • Arabic

Talks to de-escalate Iran’s nuclear programme resumed in Geneva on Friday with western officials telling The National that the regime appeared “eager” to engage in discussions.

With Tehran still reeling from its proxy Hezbollah’s weakened status following the war in Lebanon, and from Israel’s air strikes last month, it appears that the new government under President Masoud Pezeshkian is keen to negotiate.

That will become even more urgent when US president-elect Donald Trump returns to office in January with Israeli security sources disclosing to The National that the country believes he will “sign off” an attack on Iran’s nuclear sites.

The prospect of a strike was part of “planning for a variety of scenarios,” a western official also said, adding that “Iran is feeling the pressure that ultimately a Trump presidency would potentially be very, very bad for them”.

The Iranian flag flies in front of the UN. Reuters
The Iranian flag flies in front of the UN. Reuters

The head of MI6, Britain's foreign intelligence service, also stated on Friday that Iran's nuclear ambitions posed a major global security threat.

“Iran's allied militias across the Middle East have suffered serious blows,” Richard Moore said in a speech in Paris. “But the regime's nuclear ambitions continue to threaten all of us.”

While Iran widely publicised the meeting of its senior nuclear negotiator, Majid Takht-Ravanchi, with top diplomats from Britain, Germany and France, known as the E3, the western countries were surprised by the amplification of the conference.

“It’s the Iranians who have brought this to everybody's attention,” the western official said. “This is not necessarily something we were proactively briefing about and it’s the Iranians who frankly made it something more than it is.”

It is understood that Mr Pezeshkian’s new team is looking to reset its communications strategy with the West, although it is unclear how much support he will have from the dominant Islamic Revolutionary Guard Corps and Ayatollah Ali Khamenei to draw down the nuclear programme.

An Iranian missile launch during a training exercise. Wana
An Iranian missile launch during a training exercise. Wana

Following the meeting a senior Iranian diplomat disclosed that more dialogue would occur “in the near future” adding that the discussions had been “candid”.

That concurred with the western official who disclosed that E3 officials would state Iran’s nuclear programme was “unacceptable and destabilising” and that the discussion would be “an opportunity for us to criticise them over their support for Russia's war in Ukraine”.

“We are very clear that what Iran is doing in support of Russia is a threat to European security,” he added.

But Kazem Gharibabadi, Iran's Deputy Foreign Minister for Legal and International Affairs, who was also involved in the talks, wrote on X, formerly Twitter, that the country was “firmly committed to pursue the interests of our people and our preference is the path of dialogue and engagement”.

However, Mr Gharibabadi, following a meeting with EU diplomats in Geneva on Thursday, also argued that “Europe has failed to be a serious player” on the nuclear issue, after Mr Trump broke off the nuclear agreement in 2018 and unilaterally reimposed sanctions on Tehran.

He also urged the EU to “abandon its self-centred and irresponsible behaviour” on a range of issues including the wars in Ukraine and Gaza.

A Whitehall source stated that Friday’s meeting demonstrated that the E3 countries felt “we need to be able to continue to engage with Iran because when you sit down across the table they feel the pressure”.

But also by engaging with Iran they could draw them away from the broadly held view that the country was seen as a "malign influence" in the Middle East, he added.

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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.

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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.”

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Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

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

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Updated: November 29, 2024, 6:26 PM