Iran says it exceeds enriched uranium stockpile limit

The UN's nuclear watchdog confirmed Monday (July 1st) that Iran has exceeded a limit on its enriched uranium reserves set by a 2015 nuclear deal, AFP reported.

The International Atomic Energy Agency "verified on July 1st that Iran's total enriched uranium stockpile exceeded 300 kilogrammes", a spokesperson said, shortly after Tehran announced it had crossed the limit.

Iranian Foreign Minister Mohammad Javad Zarif said Monday that Iran has exceeded a limit on its enriched uranium reserves set under the 2015 deal.

"Iran has crossed the 300-kilogramme limit based on its plan," Zarif told the ISNA news agency, saying it had set out its intentions "very clearly" in May.

The US withdrew from the nuclear deal last year and reimposed biting sanctions on Iran as part of its "maximum pressure" campaign.

On May 8th, Tehran announced it would no longer respect the limit set on its enriched uranium and heavy water stockpiles.

It also threatened to go further and abandon more nuclear commitments unless the remaining partners -- Britain, China, France, Germany and Russia -- helped it to circumvent sanctions, especially to sell its oil.

The EU said Friday after a crisis meeting aimed at salvaging the deal that a special payment mechanism set up to help Iran skirt the sanctions, known as INSTEX, was finally "operational" and the first transactions were being processed.

But "the Europeans' efforts were not enough, therefore Iran will go ahead with its announced measures", Zarif said.

"INSTEX is just the beginning of (their) commitments, which has not been fully implemented yet," he added.

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