Jane Aref

Well, it's meant to extend a ceasefire agreed in April for another 60 days.

And the key issue seems to be money.

U.S.

sanctions prevent Iran from selling oil, and they've also frozen billions of dollars in Iranian assets.

Iran is insisting that the U.S.

unfreeze some of those funds, and it also insists on retaining control of the Strait of Hormuz.

This initial agreement, if it's signed, provides for further talks on the nuclear issue, and specifically there, the issue is Iran's stocks of highly enriched uranium.

Iran wants to keep them.

The U.S.

insists that it send them out of the country.

Yeah, well, Iran never confirmed that the talks would take place, despite that announcement that the U.S.

delegation was headed there.

And this morning, it made everything pretty clear.

The Iranian State News Agency quoted a senior official as saying, we have no plans for the next round of negotiations.

So that U.S.

seizure of the vessel, the container ship,

Played into that, of course.

And then there was the Iranian drone attack in response to that.

Iran said the U.S.

was clearly not serious about negotiations, and especially after new threats by President Trump to bomb all power plants and bridges.