Connect with us

Hi, what are you looking for?

Investing

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.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    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

    Investing

    The Senate is expected to send a temporary spending package known as a Continuing Resolution (CR) to the White House, averting a government shutdown before...

    Economy

    In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...

    Investing

    Sen. Tommy Tuberville’s, R-Ala., colleagues pleaded on the Senate floor early Thursday morning – from midnight until nearly 4 a.m. – to drop his objection to...

    Latest News

    A bipartisan ethics report concludes there is “substantial evidence” that George Santos violated federal criminal laws, which will almost certainly trigger another attempt to...