Hopes for Iran nuclear agreement fade: Iranian officials have said that an agreement between world powers over restoring the 2015 nuclear pact probably won’t be forthcoming during the current round of talks, Bloomberg reports. The Iranian government is aiming to have a nuclear agreement in place by August, when incumbent president Hassan Rouhani leaves office. The fifth round of talks to revive the 2015 nuclear agreement began on Monday, and would pave the way for the return of Iranian oil to international markets — potentially shaking up market prices — if successful.

Failing that, the chances of an accord may be slim: The current round of talks will likely be the final chance for Rouhani, a moderate, to clinch an agreement before this month’s elections which are widely expected to hand the presidency to hardliners hostile to negotiations.

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