Andrew England

How long will it take to get back on?

No, but what you're saying, I mean, I was being slightly facetious, but you're exactly right.

And this is what the mediators are trying to do.

Now, what they've done by doing the deal they're trying to negotiate is to get the straight open first, which is the crucial thing for global energy for obvious reasons.

You push the nuclear negotiations back to the second phase.

And then whilst the straight is being reopened, you have the nuclear negotiations.

But the key first step is...

Reopen the Strait of Hormuz, get the oil and gas flowing, the helium, the urea, fertilizers, et cetera, and you lift the U.S.

blockade.

Now, in the second phase, what you would see is then where you get to the nuclear nitty-gritty, which is kind of what they've been discussing, things that you've been talking about, a moratorium on uranium enrichment.

Now, Trump wants their stockpile diluted.

You know, the Iranians probably agree to that.

They agreed to it with Obama in 2015, the JCPOA.

Okay.

The key question is what happens to the stockpile of highly enriched uranium?

That's a big stumbling block because the Americans want it offshore.

Will the Iranians allow that to happen?

Then there's a question about what happens to the enrichment of facilities, whether they're dismantled or not, as the Americans want.

So these are the kind of the technical details, if you like, they got to fresh out.

Those negotiations are always going to take longer.