Resisting calls of European leaders, sidelining Washington, and ignoring the financial repercussions of the already falling economy – Iran has added another point of conundrum to the conflict. As per the findings by International Atomic Energy Agency (IAEA), Middle-East nation (Iran) has breached the limit of stockpile of low-enriched uranium; set under a 2015 Iran nuclear deal with the world powers.
The IAEA said its inspectors had verified that the 300kg cap had been surpassed. Iran though, has billed the move in the name of President Donald Trump, who has pushed them on charges of sponsoring terrorism.
In a speech televised in May 2019, Iranian President Hassan Rouhani claimed that his nation would hold onto excessive stockpiles of uranium. At that time, he also called the US to reduce the extent of sanctions in the next 60 days. However, no signs of easing off the embargo came forward from the Trump’s administration.
Now, with Iran’s uranium enrichment, the perils continue to largely loom. Therefore, understanding the situation, the UK and Germany have called on Iran to reverse its decision, while the US has still portrayed putting “maximum pressure” on Rouhani’s nation.
European nations have been supportive of Iran and have helped its economy stay up float midst the US embargo. However, after the announcement of breach, the nations warned that any violation would bring consequences. The statement implies a direct implication of reversing the decision and re-imposing multilateral sanctions that were lifted after Iran agreed to limit its nuclear activities.
The situation with Iran is now splitting into two major roads ahead. Primarily, the push back against the US sanctions, which if relaxed would automatically revive the nation’s economy. The move, however, is as vague as its sounds, especially at the time of Trump’s “maximum pressure” stand.
Secondly, the circumstances divvy to push Iran in a much deeper hole, because if Europe backs out from supporting the nation, it would have no one standing by its side.
Iran’s Controversial Stand?
“Our next step will be enriching uranium beyond the 3.67% allowed under the deal,” Foreign Minister Mohammad Javad Zarif said. “The Europeans have failed to fulfil their promises of protecting Iran’s interests under the deal,” he added in utter confidence.
The mechanism, known as Instex, is a strategy used to be bartered between Iranian and Foreign companies without financial transactions. Zarif, however, has said that it did not meet Iran’s needs.
Presently, Iran stands on a border line between the US and Europe, arguing that it had enough of everything. So, if the Middle-East nation’s definition is based on frustration more than anything else, is Iran’s Uranium enrichment strategy the right solution?
“We have been consistently clear that our commitment to the JCPOA depends on Iran complying in full with the terms of the deal and we urge them to reverse this step,” spokesman for Prime Minister Theresa May said as he asked Iran to stay within limits.
Meanwhile, Rouhani has given the five countries still party to the deal – the UK, France, Germany, China and Russia – time until 7 July to meet their commitment to protect the Islamic Republic from the sanctions’ effects.
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