Iran vows to exceed stockpile limit ‘soon’
Breaching 300-kilogram uranium cap may chill U.S. relations further
MANAMA, BAHRAIN— European efforts to persuade Iran to stick within the limits of the nuclear deal have been insufficient and the country will breach uranium stockpile limits “soon,” Tehran’s semi-official Fars News Agency reported Saturday, a move that could escalate tensions with the United States.
Iran has been threatening to surpass the limit of 300 kilograms of low-enriched uranium that the country is allowed to possess under the nuclear agreement, unless it receives the sanctions relief that the deal promised in return.
Breaching the limit would be a symbolic move but would not put Iran significantly closer to building a nuclear weapon. The 300-kilogram limit of uranium enriched to 3.67 per cent is suitable for use in power plants but falls far short of the more than 90 per cent enriched uranium needed for fissile material in a nuclear bomb.
The move would come against the backdrop of knife-edge tensions in the region, with U.S. President Donald Trump last week saying he had been close to launching a strike on Iran after its forces shot down a U.S. surveillance drone in the Strait of Hormuz. The U.S. has also accused Iran of using magnetic limpet mines to attack petrochemical tankers in the Gulf of Oman — which Tehran denies.
The United States last year pulled out of the Obama-era nuclear agreement between Tehran and six world powers. Trump, who describes the deal as “rotten,” has since reinstated all sanctions and introduced more, crippling Iran’s economy.
The remaining signatories have attempted to keep the deal alive. But Iran has said that it should no longer be constrained by the terms of the agreement, because it cannot reap any of the benefits as long as international firms worry about violating U.S. sanctions.
European countries say the deal is essential to regional security. Britain, France and Germany have scrambled to launch a complicated barter system in an effort to enable European companies to continue trading with Iran and persuade it to abide by the deal. After a meeting of the remaining signatories Friday in Vienna, the European Union announced that the barter system was operational. Iran had initially welcomed that move as a “positive step” that it would “study.”