New meeting on Iran nuclear program agreed to

“Barring full, verifiable Iranian compliance with all Security Council resolutions and full cooperation with the IAEA, including a new, far more intrusive inspections regime under the Additional Protocol, we see no circumstances under which Iran should be relieved from the current sanctions or those scheduled to come into effect at the end of this month,” the senators wrote.

Still, some experts expressed hope that the new meeting would create some momentum because it will come after the European Union halts Iranian oil imports on July 1, devastating the Iranian economy.

“It is significant that Iran agreed to meet after the European Union embargo [on Iranian oil] begins,” John Kilduff, partner at Again Capital LLC in New York, told Reuters. “There was definitely a growing sense that they were at their breaking point, ready to walk out.”