Iranian Foreign Minister Hossein Amir-Abdollahian submitted, on Monday night, Iran’s final conclusion for JCPOA negotiations, reiterating that while its demands have not been completely met in writing, it remains that progress has been made on several issues.

However, Iran has also made it clear that no agreement can be reached without guarantees that its red lines are to be fully respected and its benefits ensured through the renewed JCPOA agreement.

In the same context, Amir-Abdollahian stated that the US has “verbally agreed” to two of Iran’s demands however they have not been integrated into the text nor has the third issue been agreed upon.

Washington commented saying that the US is ready to seal the deal and that all that can be negotiated has already been.

According to IRNA, the third remaining issue in the text pertains to ensuring that future US administrations will not be able to abandon the JCPOA.

High Representative of the European Union for Foreign Affairs and Security Policy Josep Borell said, after receiving Iran's response, “We are studying it and are consulting with the other JCPOA participants and the US on the way ahead,” as they referred to the formal title of the nuclear pact.

On that note, Russia’s permanent representative to the international organizations in Vienna, Mikhail Ulyanov, said on Tuesday that in a draft agreement to reinstate the JCPOA, Tehran has suggested including safeguards for the maintenance of the Iranian nuclear pact.

Ulyanov told the Solovyov Live show that "One of the amendments that the Iranians introduced yesterday is precisely aimed at strengthening these guarantees. And something else, apparently, will be done in this direction."

The Russian representative said that consequences, for the US, will be inevitable in case it refused to restore the deal.

On the international level, the prospect of an agreement that may result in the relaxation of US sanctions on Iran's daily oil production of 2.5 million barrels has already contributed to a decline in global market prices.

The landmark nuclear treaty appears to be closer than ever to being revived after more than a year of talks intended to ensure a reciprocal return to the deal from parties.

It is worth noting that Iran had repeatedly refuted any claims that it has any intention to produce nuclear weapons.

Read more: US not planning to ease sanctions on Iran for JCPOA deal: State Dept