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By Natasha Turak, CNBC • Updated 3 hours ago Getty Images Preliminary talks to revive the 2015 nuclear deal between Iran and world powers are underway in Vienna, Austria but experts are skeptical that meaningful progress can be made. A breakthrough in negotiations would raise the prospects of large quantities of Iran oil exports returning to the market, but analysts say it wouldn't be an "exogenous shock" for oil prices. The U.S. and Iran are ramping up efforts to resolve a nuclear standoff that has global oil markets on edge and experts skeptical of success. Download our NBC DFW...

The Islamic Republic is scheduled to hold a presidential election to determine the successor to Hassan Rouhani in June. Foreign Minister Javad Zarif, another key architect in the 2015 nuclear deal, will also finish his term. Analysts say hardliners, or principlists, are most likely to take over, likely complicating already frayed nuclear talks with the United States. "I would expect a hiatus while the new Iranian administration gets organized," Moniz added. The U.S.'s Iran envoy, Rob Malley, told Axios on Wednesday that Iran's elections "are not a factor" in the Biden administration's decisio...