🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Iran says concern over its enriched uranium metal process is "unnecessary"

Published 07/07/2021, 02:44 PM
Updated 07/07/2021, 02:48 PM
© Reuters. FILE PHOTO: An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, September 9, 2019.   REUTERS/Leonhard Foeger/File Photo

DUBAI (Reuters) - Iran's decision to produce uranium metal enriched to 20% purity is solely for peaceful purposes, an Iranian foreign ministry spokesperson said on Wednesday, adding that Tehran will reverse its nuclear steps as soon as U.S. sanctions are lifted.

"Contrary to the claims of the United States and the European powers ... this measure is solely for peaceful purposes and it is for use at Tehran Research Reactor," said Foreign Ministry spokesperson Saeed Khatibzadeh, according to Iranian state media.

The U.N. nuclear watchdog said on Tuesday that Iran had started the process of producing enriched uranium metal. Tehran said it had informed the agency about its decision.

Iran's move drew criticism from the United States and three European powers that have been in talks with Tehran since early April to revive a 2015 deal under which Iran accepted curbs to its nuclear programme in return for the lifting of sanctions.

Washington exited the agreement three years ago, and Iran has responded by gradually breaching its restrictions.

"This measure does not contradict Iran's non-proliferation and safeguarding obligations under the 2015 deal ... and Tehran is prepared to reverse its steps when sanctions are lifted," Khatibzadeh said.

© Reuters. FILE PHOTO: An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, September 9, 2019.   REUTERS/Leonhard Foeger/File Photo

U.S. and European officials made clear on Tuesday that Iran's decision would complicate, and potentially torpedo, indirect U.S.-Iranian talks aimed at bringing back Tehran and Washington into full compliance with the pact.

Tehran has already produced a small amount of uranium metal this year that was not enriched. That is a breach of the deal, which bans all work on uranium metal since it can be used to make the core of a nuclear bomb. Iran has always denied seeking nuclear weapons.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.