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Iran nuclear deal deadline looms

Yahoo Finance's Akiko Fujita explains the sticking points in the Iran nuclear deal as Iran is set to respond on Monday.

Video Transcript

AKIKO FUJITA: Now, I will throw in one other thing that we're gonna be watching throughout the day here. And that is any kind of decision on the Iran nuclear deal. Today is the deadline that the EU set for Tehran to essentially come to the table on this framework that they have created. Specifically, there's a key sticking point here worth noting right now.

It's the IAEA's investigation into this material that was found in Iran back in 2019. Iran has said this is not a sign that they have a nuclear weapons program going. The West has disagreed.

They have said-- they, as in Tehran has said that the condition to moving forward to revive this deal would be for that IAEA investigation to end. So the foreign minister--

BRIAN CHEUNG: Very important, yeah.

AKIKO FUJITA: The foreign minister has come out and said, he will make a decision by midnight tonight. So we've got a few more hours to go. But that could be something to be watching in the context of the oil markets, too.

BRIAN CHEUNG: Right, yeah, so we'll see if maybe there are developments over the next few hours. But a lot of eyes, I'm sure, on any announcements that can come on that front.