Iran exceeds uranium caps set by nuclear deal, foreign minister says
Iran has exceeded the cap of 300kg for the amount of low-enriched uranium it is allowed to store under the 2015 Iran nuclear deal, the country’s Foreign Minister Javad Zarif announced on Monday. This means that Iran is in breach of the agreement, for the first time since it was signed.
Last week, Iran warned that it was close to exceeding the cap and told European powers that a Friday meeting of all remaining signatories to the Iran deal represented the last change to save the agreement, which was abandoned by the United States last year. At the talks, the EU outlined plans for the implementation of Instex, a European payment system that will allow for indirect trade between Iranian firms and companies from other countries using a currency other than the dollar as a way of circumventing US sanctions on the country.
Apparently, the plans failed to convince Iran. According to a spokesman of Iranian’s foreign ministry, the country “told the Europeans that if more practical, mature and complete measures were taken, Iran’s reduction (to its) commitments could be reversed. Otherwise, we will continue.”