The United States says it is reviewing a draft understanding on reviving Iran’s nuclear deal that has been tabled by the European Union. 

In his daily briefing on July 26, State Department spokesperson Ned Price said that “we are reviewing the draft understanding on mutual return to full implementation with the JCPOA that the high representative shared with us, as well as with Iran and the other JCPOA participants,” referring to a draft agreement by Josep Borrell, the EU high representative for foreign affairs and security policy. 

About the proposal being fully acceptable to the Biden administration, he said “this new text” that Borrell referred to [in an op-ed] is based on “an outline of what we believe to be a good deal on the table since March that we have been prepared to accept.”

In an article published by the Financial Times on Tuesday, Borrell said there is “no other comprehensive or effective alternative within reach,” stressing the need for swift political decisions. 

“We are studying the changes that have been proposed by the EU; we’ll respond to them in short order. And we hope that Iran finally and ultimately decides to seize the opportunity that has been before it for some time now,” he added. 

Dodging a direct answer about any definite timeframe or deadline on the talks to restore the deal, Price said that “we are going to continue to pursue a mutual return to compliance with the JCPOA for as long as it’s in our interest to do so. That remains the case."