🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Iran says U.S., not Tehran, should act first to resolve nuclear deal row

Published 2021-01-28, 09:13 a/m
© Reuters. A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives during the Iran nuclear talks at the Vienna International Center in Vienna

By Parisa Hafezi

DUBAI (Reuters) - The United States should act first by returning to world powers' 2015 nuclear deal with Iran that it ditched in 2018, the Iranian foreign minister tweeted on Thursday after Washington demanded Tehran reverse its breaches of the pact first.

New U.S. Secretary of State Antony Blinken reaffirmed on Wednesday President Joe Biden's policy that Tehran must resume complying with curbs on its nuclear activity under the deal before the United States rejoins the pact abandoned by former president Donald Trump.

"Reality check for @SecBlinken: The US violated JCPOA

-blocked food/medicine to Iranians -punished adherence to UNSCR 2231. Throughout that sordid mess, Iran -abided by JCPOA -only took foreseen remedial measures," tweeted Mohammad Javad Zarif.

The JCPOA is the nuclear deal's official acronym, and Zarif was again accusing Washington of having illegally barred humanitarian imports to Iran after Trump reimposed sanctions on Iran, while Tehran had breached limits on uranium enrichment activity only in response to Trump's repudiation of the accord.

"Now," Zarif tweeted, "who should take 1st step? Never forget Trump's maximum failure."

The 2015 accord lifted sanctions on Iran in return for curbs to its disputed nuclear programme but after Trump's withdrawal, Iran violated its conditions in a step-by-step response to Trump’s "maximum pressure" policy.

Iran has repeatedly said it can quickly reverse those violations if U.S. sanctions are removed.

In December, Iran's hardline-dominated parliament passed legislation that forces the government to harden its nuclear stance if U.S. sanctions were not eased within two months.

Earlier this month, Iran resumed enriching uranium to 20% fissile strength at its underground Fordow nuclear plant, a level Tehran achieved before the 2015 accord.

It had earlier breached the deal’s 3.67% limit on the purity to which it can refine uranium, but it had only gone up to 4.5% so far, well short of the 20% level and of the 90% needed to fuel an atomic bomb.

© Reuters. A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives during the Iran nuclear talks at the Vienna International Center in Vienna

The new law also obliges Iran's Atomic Energy Organisation to produce 120 kilograms (264.55 pounds) of 20% enriched uranium annually. However, parliament speaker Mohammad Baqer Qalibaf said on Thursday Iran had exceeded the timetable by producing more than 17 kilograms within a month.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.