Core Points - The negotiations regarding Iran's nuclear issue have reached a deadlock, with the threat of sanctions looming [1][2] - European nations have issued an ultimatum to Iran, emphasizing the need for substantial progress in negotiations to avoid the re-imposition of sanctions [4][5] - Iran's refusal to allow comprehensive inspections of its nuclear facilities raises concerns about transparency and compliance with international agreements [9][10] Group 1: Negotiation Status - The talks in Geneva on August 26 failed to yield any significant breakthroughs, with key disputes centered around uranium enrichment and inspection protocols [4][5] - The deadline for reaching an agreement is set for the end of August, as the expiration of the 2015 nuclear deal approaches [4][10] - Iran's leadership has expressed a commitment to seeking a mutually beneficial solution through diplomacy, while simultaneously preparing for potential retaliatory measures against European nations [5][10] Group 2: Economic Implications - The potential restoration of sanctions could severely impact Iran's already fragile economy, leading to a liquidity crisis in euros and affecting the import of essential goods [10] - Analysts warn that renewed sanctions would further undermine domestic confidence among businesses and consumers in Iran [10] - Iran's foreign minister has indicated that severe countermeasures will be taken if Europe triggers the "snapback" mechanism for sanctions [10]