BlockBeats News, May 10th - Abbas Aslani, Senior Research Fellow at the Middle East Strategic Research Center, stated that Iran's response to the U.S. proposal is "not a simple acceptance or rejection," but rather Iran's explanation and clarification of its position in the U.S. text. Even though Iran has shown greater flexibility, the nuclear issue remains the most challenging issue between the two parties. Iran has always been open to transparency and verification requirements from the International Atomic Energy Agency.

If both sides can reach some kind of initial peace agreement, it could somewhat create a positive atmosphere and serve as a confidence-building measure. However, if the U.S. continues to insist on its demands, such as requiring Iran to ship its highly enriched uranium to the U.S. or suspending enrichment activities for an extended period, then any agreement is unlikely to be reached. (FXStreet)