A deal to salvage the Iran nuclear accord may be possible before Tehran holds elections in June, a senior US State Department official said on Thursday, a day before talks were due to resume in Vienna.
The official also confirmed that "there are active discussions, indirect discussions" under way with Tehran to secure the "immediate" release of US citizens being held in the country, but did not say if that was a condition for a US return to the deal.
Indirect talks began in early April in Vienna between Washington and Tehran, with the other signatories to the 2015 deal – Britain, China, France, Germany, Russia and the EU – acting as intermediaries.
The goal is to find a way back to the accord, known as the JCPOA, from which former US president Donald Trump walked away and his successor Joe Biden wants to revive.
For that to happen, the US and Iran must agree on lifting the sanctions reinstated by Mr Trump and on Tehran's commitment to follow the terms of the deal.
When he walked away from the 2015 agreement, Iran started to abandon the limits on its production of nuclear material.
The three initial rounds of talks were described as "serious" and "productive" by the US official.
Russia has said it wants an agreement concluded in a fortnight, before the campaign for Iran's June 18 presidential election overshadows the talks.
Washington has not ruled out the possibility.
"Is it possible to get a deal before the Iranian elections? Absolutely," said the State Department official.
"It's do-able because this is not rocket science. It's not inventing a new deal, it's reviving one that has been undermined."
The official said the main variable in the equation was how much Iran's leadership really wanted to achieve an agreement.
"If Iran makes a political decision that it genuinely wants to return to the JCPOA as the JCPOA was negotiated, then it could be done relatively quickly and implementation could be relatively swift," he said.
"We don't know if Iran has made that decision. We'll just have to see whether the next round actually moves things forward or whether we still are faced with unrealistic demands by Iran."
Iranian media reported last weekend that there was an agreement between Tehran and Washington for the release of prisoners held by each side.
Despite the detailed reports, both sides now deny such an accord.
"There's no deal," a US official said, accusing Iran of "unspeakable cruelty" for putting out stories that raised the hopes of prisoners' families.
"We want it to be resolved sooner rather than later," the official said. "We want to deal with the detainees immediately."
Match statistics
Abu Dhabi Harlequins 36 Bahrain 32
Harlequins
Tries: Penalty 2, Stevenson, Teasdale, Semple
Cons: Stevenson 2
Pens: Stevenson
Bahrain
Tries: Wallace 2, Heath, Evans, Behan
Cons: Radley 2
Pen: Radley
Man of the match: Craig Nutt (Harlequins)
Sinopharm vaccine explained
The Sinopharm vaccine was created using techniques that have been around for decades.
“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.
"What is left is a skeleton of the virus so it looks like a virus, but it is not live."
This is then injected into the body.
"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.
"You have to be exposed more than one time to what we call the antigen."
The vaccine should offer protection for at least months, but no one knows how long beyond that.
Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.
“Since it is inactivated, it will not last forever," she said.
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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