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Iranian Foreign Minister Mohammad Javad Zarif and President Hassan Rouhani. Photo: Iranian Presidency/Anadolu Agency/Getty Images

Iranian foreign minister Mohammad Javad Zarif says his country's stockpile of low enriched uranium has crossed 300 kilograms — the maximum amount it is allowed to hold under the 2015 nuclear deal.

Why it matters: This is the first time Iran has deliberately violated the 2015 deal.

  • The breach of the limitations of the low enriched uranium stockpile is the most significant step so far Iran took to retaliate for the U.S. decision to leave the nuclear deal and to the Trump administration's maximum pressure campaign.
  • A spokesman for the International Atomic Energy Agency confirms Iran's stock of low enriched uranium has exceeded the maximum amount allowed by the nuclear deal
  • IAEA chief Yukiya Amano informed the organization's board of governors that UN inspectors verified on July 1st that Iran has exceeded the limit of low enriched uranium.

The big picture: The Iranian announcement came as European countries are trying to salvage the deal by finding a mechanism that will facilitate Iranian trade with Europe, give some relief to the Iranian economy and convince Iran to uphold the nuclear deal.

  • The spokesman of the Iranian foreign ministry said today that the Iranian steps regarding the uranium stockpile are reversible and called on European countries to salvage the nuclear deal.

Go deeper

Caitlin Owens, author of Vitals
3 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.