Iran says it does not want such weapons and has indicated it's ready to start rolling back its program but wants greater and faster sanctions relief than that being offered.
A senior US official told reporters last week that Iran is losing $5 billion a month in lost oil sales alone and $120 billion in total from all sanctions since their imposition, although he did not give a time frame. The official demanded anonymity in keeping with rules established by the US administration.
The White House has not publicly provided a figure, but congressional officials said Wednesday the administration estimates Iran could get $6 billion to $10 billion in sanctions relief over six months as a first step, with additional relief depending on progress made toward a final deal. The officials on condition of anonymity because they weren't authorized to divulge the estimate publicly.
Several Democrat and Republican senators have voiced displeasure with the parameters of the potential agreement, arguing that the US and its partners are offering too much for Iranian action that stops short of a full freeze on uranium enrichment.
Senate Majority Leader Harry Reid warned Thursday that the Iranians could prevent any successful deal from emerging without the threat of new oil and financial penalties. He said the Senate must move forward with new sanctions after returning from a two-week recess next month.
Sen. Bob Corker, the Republicans' top member on the Senate Foreign Relations Committee, proposed a bill mapping out what a final agreement should look like and seeking to restrict Obama's capacity to offer sanctions relief.
The legislation gives Obama 240 days to conclude the deal and states he can only suspend restrictions on Iran if he certifies that such action advances US national security interests and that Iran is fully complying with existing agreements. It says any final agreement must compel Iran to end all uranium enrichment activity, a condition the Islamic republic has steadfastly rejected.
Such moves added pressure on negotiators in Geneva who need to strike an initial deal that satisfies Congress while also meeting Iranian demands of maximum sanctions relief.
Even if an interim agreement is reached, prospects for a final-stage deal appear uncertain given the wide gulf between the two sides.
"The real problem is defining the broad contours of the end game. (The Iranians) need to know what will happen in the end," said Ali Vaez, a senior analyst with the International Crisis Group. "I'm optimistic for the short term, pessimistic for the long term."
The talks group six world powers and Iran. But negotiators for the six - the United States, Russia, China, Britain, France and Germany - were reduced to a side role Thursday, with top European Union diplomat Catherine Ashton shuttling between them and Iranian Foreign Minister Mohammad Javad Zarif as the two tried to chip away at differences.
As the talks moved into evening, Deputy Foreign Minister Abbas Araghchi told Iranian state TV that the two sides had "common viewpoints in many cases, while there are serious differences in some cases".
He said talks included possible ways to reduce sanctions on Iranian oil sales and banking.
A member of the Iranian delegation said his country recognises that core oil and banking sanctions could not be lifted immediately but suggested Iran was looking for some relief over six months of the first-step agreement.
He also indicated that Iran was ready to discuss a limit on its uranium enrichment but said Iran wants some mention of its right to uranium enrichment - something the United States and its allies have long resisted. The delegation member demanded anonymity because he was not authorized to comment on the closed negotiations.
Warnings from Iran's supreme leader that compromise has its limits added to the challenge facing negotiators.
Ayatollah Ali Khamenei, the ultimate authority in Iran, voiced support for the talks Wednesday but insisted there are limits to the concessions Tehran will make at the negotiating table.
Israeli Prime Minister Benjamin Netanyahu, in Moscow to meet with President Vladimir Putin, renewed his demand for a halt to all Iranian nuclear programs that could be turned from peaceful uses to making weapons.
Israel wants a settlement that is "genuine and real," he said.
"Israel believes that the international community must unequivocally ensure the fulfillment of the UN Security Council's decisions so that uranium enrichment ends, centrifuges are dismantled, enriched material is taken out of Iran and the reactor in Arak is dismantled," Netanyahu said, referring to Iran's plutonium reactor under construction.
"They must not have nuclear weapons," he told a gathering of Russian Jews. `'And I promise you that they will not have nuclear weapons."
- AP
