Connect with us

Hi, what are you looking for?

Economy

Iran increases uranium enriched to near weapons-grade levels, seeks to have sanctions lifted: watchdog

Iran has further increased its stockpile of uranium enriched to near weapons-grade levels and is seeking to have economic sanctions imposed over the Islamic nation’s controversial nuclear program lifted in exchange for slowing the program down, according to a United Nations’ nuclear watchdog.

A report from the International Atomic Energy Agency (IAEA) obtained by the Associated Press said that as of May 11, Iran had 313.2 pounds of uranium enriched up to 60% — an increase of 45.4 pounds since the last report by the U.N. watchdog in February. Uranium enriched at 60% purity is just a short, technical step away from weapons-grade levels of 90%.

According to the IAEA, around 92.5 pounds of uranium enriched to 60% is the amount needed to theoretically create one atomic weapon if the uranium is enriched to 90%. IAEA head Rafael Grossi has stated in the past that Iran has enough enriched uranium for ‘several’ nuclear weapons.

The report also says that Iran’s enriched uranium supply as of May 11 was 1,3671.5 pounds, an increase of 1,489.8 pounds since the IAEA’s previous report.

Last week in Helsinki, Grossi said he was putting the IAEA’s talks with Iran on hold while the country deals with the death of President Ebrahim Raisi, Reuters reported. 

‘But once this is over, we are going to be engaging again,’ he said, according to Reuters, noting that the pause is just a ‘temporary interruption that I hope will be over in a matter of days.’

Tensions have grown between Iran and the IAEA since 2018, when then-President Trump withdrew the United States from the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action. Since then, Iran has abandoned all limits the deal put on its program and quickly stepped up enrichment.

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    North Korea may be known as the hermit kingdom, but the isolated nation could be edging toward opening its borders to small numbers of...

    Editor's Pick

    One of the perks of being speaker of the House — or at least, one of the characteristics of it — is that you...

    Latest News

    Evacuations are underway across Hawaii’s Big Island and Maui as passing Hurricane Dora helps fuel wildfires that have damaged structures, prompted rescues and spurred...

    Latest News

    Former world No. 1 Caroline Wozniacki won her first competitive tennis match in three-and-a-half years on Tuesday, defeating Australian Kimberly Birrell 6-2 6-2 at...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 balanceandcharge.com