Oil – Reports that Iran has increased its high-enriched uranium inventory by 77%

The latest International Atomic Energy Agency report says Iran’s store of uranium enriched to 60% levels increased 77% to 17.7 kilograms

This could be used in nuclear weapons says the report. 

  • “The Agency’s verification and monitoring activities have been seriously undermined as a result of Iran’s decision to stop the implementation of its nuclear-related commitments,” IAEA Director General Rafael Mariano Grossi wrote in the restricted 13-page reported seen by Bloomberg

Talks with Itan are set to get underway again on November 29 – Itan wants U.S. sanctions on the country lifted in exchange for a cap on its atomic program. This latest from the IAEA does not auger well. Oil traders have been awaiting the return of Iranian oil to market if the talks are a success, although the return would still be a ways off. 

More at the Bloomberg link above. 

 

The latest International Atomic Energy Agency report says Iran's store of uranium enriched to 60% levels increased 77% to 17.7 kilograms

Invest in yourself. See our forex education hub.

LEAVE A COMMENT

Your email address will not be published. Required fields are marked *