Iran’s ambassador to the UN in Geneva, Ali Bahreini, indicated substantial progress in ongoing negotiations with the United States regarding a potential nuclear deal. Bahreini stated that technical-level discussions held Tuesday were “very good” and productive. He announced the planned formation of two working groups to address the lifting of sanctions imposed on Iran and concerns surrounding its nuclear program. However, the ambassador refuted recent U.S. assertions that Iran intends to utilize unfrozen assets to purchase American commodities. This denial introduces a point of contention as the details of a potential agreement continue to be negotiated. The talks represent a renewed effort to revive the 2015 nuclear deal, which limited Iran’s nuclear program in exchange for sanctions relief. Further developments are expected with the establishment of the new working groups in the coming days.