Analysts: Israeli threats will help spur agreement with Iran



Reports that Israel could strike Iran's nuclear facilities as early as April will help spur the drive for a diplomatic solution to the crisis.

During months of rising tensions and bellicose rhetoric, it has been easy to overlook repeated declarations by Iran and its western adversaries that they are ready to return to the negotiating table.

Many analysts believe that Israel will have to allow time to measure the success of diplomacy and tough new US and European sanctions that come into effect on July 1.

An Israeli strike on Iran before engagement and sanctions have been given a chance would isolate Israel internationally. The US has also made repeatedly clear to Israel that it does not want to be drawn into a disastrous war.

So talk of an Israeli attack in the spring or summer is seen by many observers largely as a bluff, designed to ensure the West ramps up pressure on Iran.

Diplomacy will take place in concert with a war of nerves. Iran announced yesterday it has begun mass production of an anti-ship missile, while ground forces from its Revolutionary Guard began military exercises in the country's south. It was the latest display of Iranian muscle-flexing following threats to close the Strait of Hormuz in retaliation for tougher western sanctions.

In turn, the US and Britain have beefed up their naval might in the Gulf in recent weeks after pledging to use force to keep the Strait open.

Iran's supreme leader, Ayatollah Ali Khamenei, insisted on Friday that "crippling sanctions" would never force Tehran to "retreat" on its nuclear programme. He warned that any military strike "will be 10 times more detrimental to the US" than to Iran.

On the diplomatic front, Iran will soon host another visit by UN nuclear experts, indicating that Tehran finally may be willing to address suspicions that its atomic programme has a military dimension. A team from the International Atomic Energy Agency (IAEA) said it had held "good talks" in Tehran last weekend.

The New York Times reported yesterday Iran had failed to address the team's key concerns but one IAEA diplomat told the newspaper that "dialogue is continuing, and that's a good sign".

There are strong incentives on all sides for a diplomatic solution. Tehran is braced for unprecedented tough sanctions, facing military threats and concerned about the loss of its key regional ally if Syria's president Bashar Al Assad is toppled. The US administration, meanwhile, believes a conflict could have catastrophic effects.

Given deep mutual mistrust, however, just arranging talks on Iran's atomic ambitions is proving difficult and the chances of success if they do proceed appear slim, diplomats and analysts said.

The deliberations of the fractious Iranian regime remain opaque, while major powers are said to be divided on their approach, notably on whether to let Iran keep enriching uranium at some level.

Iran insists its nuclear programme is solely peaceful in nature. US intelligence chiefs said this week that Iran has not decided whether to seek a nuclear weapon but was keeping open the option by developing various capabilities to do so.

The European Union and US have imposed their toughest ever sanctions against Iran, targeting its vital oil export sector. Their stated aim was to persuade Iran to return to nuclear talks and so defuse the threat of military action.

Some Iran experts say more diplomatic energy was expended on marshaling the sweeping sanctions than on devising new incentives for Iran that could make negotiations successful.

"Sanctions are something that we knew how to do...finding a new relationship [with Iran] was something we didn't know how to do," John Limbert, a professor of Middle East studies at the US Naval Academy and former State Department official on Iran, said in an interview.

Other analysts argue that escalating sanctions and military threats could give weight to arguments by those in Tehran who may want a nuclear deterrent.

Iranian media say Saeed Jalili, Iran's chief nuclear negotiator, is expected within days to suggest a date and venue for a new round of talks with a group known as the P5+1, comprising the US, China, Russia, Britain, France and Germany.

The group is represented by Catherine Ashton, the EU's foreign policy chief, who sent Mr Jalili a letter on October 21 proposing new negotiations on Iran's nuclear programme. That Iran has taken so long to respond is hardly surprising, according to some analysts who argue that Ms Ashton's letter set implicit preconditions.

Her missive said "confidence-building steps should form the first elements of a phased approach which would eventually lead to a full settlement between us." This would involve "the full implementation by Iran" of resolutions passed by the UN Security Council and the IAEA.

The UN resolutions call on Iran to suspend uranium enrichment, which Iran steadfastly refuses to do, insisting that activity is its sovereign right under the international Nuclear Non-Proliferation Treaty.

"The EU and the West in general claim that they've made an unconditional offer of talks, but actually it's highly conditional," said Peter Jenkins, a British former ambassador to the IAEA. They are "basically saying, 'we'll talk to you if you concede what we want'", he said in an interview.

Iran at "the very least" will want "an assurance from Ashton that the talks would really be on the basis of a tabula rasa [blank slate], without conditions", he said.

Another problem is that the six world powers have yet to agree on what incentives to offer Iran if talks resume.

They are likely to ask Iran to halt enriching uranium to a 20 per cent level and turn over its stockpile of nuclear fuel enriched to that level. In return they would supply fuel rods for an Iranian research reactor producing medical isotopes for cancer patients.

Mr Jenkins argued that a deal can be achieved if Iran is allowed to continue enriching uranium to the lower, 3.5 per cent level needed to fuel electricity-generating nuclear reactors. In return, Iran would be required to provide "top-notch" IAEA safeguards and "voluntary measures to reassure neighbours made nervous by Iran's past undeclared enrichment research".

This, Mr Jenkins said, was essentially what Iran offered Britain, France and Germany in 2005, a solution that in hindsight they should have "snapped up".

Allowing such enrichment would represent a concession at odds with the P5+1's past positions. And Barack Obama, the US president, may well find it hard to make concessions with Iran during an election year.

Despite overseeing the harshest ever US sanctions on Iran, he is accused by his Republican opponents of being soft on the Islamic republic. Mr Obama extended a hand of friendship to Iran in 2009. But Tehran, embroiled in the tumultuous aftermath of presidential elections, was unable to meet a tight US deadline for responding to a nuclear fuel swap proposal that was designed as a confidence-building measure.

Trita Parsi, a leading Iran analyst in the US, wrote in Salon magazine this week that Mr Obama has played down his diplomatic efforts on Iran, allowing his hawkish Republican rivals to "define the metrics of success on Iran."

Diplomacy, Mr Parsi reminded the US president "takes time, courage, persistence, political capital and the will to spend it."

mtheodoulou@thenational.ae

The National's picks

4.35pm: Tilal Al Khalediah
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6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
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A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

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Company%20profile
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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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

The specs: 2018 Alfa Romeo Stelvio

Price, base: Dh198,300
Engine: 2.0L in-line four-cylinder
Transmission: Eight-speed automatic
Power: 280hp @ 5,250rpm
Torque: 400Nm @ 2,250rpm
Fuel economy, combined: 7L / 100km

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

COMPANY%20PROFILE
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MATCH INFO

Serie A

Juventus v Fiorentina, Saturday, 8pm (UAE)

Match is on BeIN Sports

THE DETAILS

Solo: A Star Wars Story

Dir: Ron Howard

Starring: Alden Ehrenreich, Emilia Clarke, Woody Harrelson

3/5

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 563hp @ 5,000rpm

Torque: 850Nm @ 1,600rpm

Fuel economy, combined: 15L / 100km

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Adele: The Stories Behind The Songs
Caroline Sullivan
Carlton Books

info-box

COMPANY PROFILE

Company name: Happy Tenant

Started: January 2019

Co-founders: Joe Moufarrej and Umar Rana

Based: Dubai

Sector: Technology, real-estate

Initial investment: Dh2.5 million

Investors: Self-funded

Total customers: 4,000

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.