Fed’s Caution
The US Federal Reserve’s decision to lower its benchmark interest rate to a range of 4.25-4.50 per cent marks a turning point in its monetary policy.
Washington is fully prepared to continue negotiation with Iran to return to the Iranian nuclear agreement, visiting US Secretary of State Antony Blinken said here on Thursday.
Blinken made the remarks after he met with Kuwaiti Foreign Minister Sheikh Ahmad Nasser Al-Mohammad Al-Sabah to discuss bilateral ties and regional issues, the Xinhua news agency reported.
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Blinken said that the US is willing to reach an agreement with Iran, urging Iran to make the decision, adding that “the ball is in Iran’s court.”
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The Iranian side has been criticising the United States for “violating their promises and commitments” to the agreement, formally known as the Joint Comprehensive Plan of Action (JCPOA).
The US government under former President Donald Trump withdrew from the JCPOA in May 2018 and unilaterally re-imposed sanctions on Iran. In response, Iran gradually stopped implementing parts of its commitments to the deal from May 2019.
Between April 6 and June 20, the JCPOA Joint Commission, attended by a US delegation indirectly, held talks in Vienna to discuss a possible return of the United States to the JCPOA and how to ensure the full and effective implementation of the deal.
The parties recently said serious differences remain between Iran and the United States over the revitalisation of the deal after six rounds of talks.
Meanwhile, on the US relations with Kuwait, the US top diplomat said that his country is committed to strengthening the partnership and cooperation with Kuwait.
Blinken praised Kuwait’s role and efforts to resolve the Gulf crisis, saying that Kuwait showed good leadership in resolving regional crises.
For his part, the Kuwaiti Foreign Minister said that they talked about “the importance of strategic dialogue in matters of concern to the two countries and the development of bilateral relations,” while stressing the importance of the ties between the two countries in all fields.
Earlier in the day, the Kuwaiti Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah also held talks with Blinken.
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