Josep Borrell: “Now is the time to save the Iran nuclear deal”

The European Union's foreign policy chief said on Tuesday he has proposed a new draft text to revive the 2015 Iran nuclear deal, saying there is no room left for further major compromises.

"I have now put on the table a text that addresses, in precise detail, the sanctions lifting as well as the nuclear steps needed to restore the Joint Comprehensive Plan of Action," the European Union's Josep Borrell wrote in an essay in the Financial Times, Report informs, citing Reuters.

"If the deal is rejected, we risk a dangerous nuclear crisis, set against the prospect of increased isolation for Iran and its people," he wrote.

Ali Bagheri Kani, Iran's lead nuclear negotiator, confirmed Borrell had put forth a new proposal, adding on Twitter, "We, too, have our own ideas, both in substance & form, to conclude the negotiations which would be shared."