Iran deal

Iran says it will top nuclear deal's uranium stockpile limit in 10 days

Iran's Russian-built Bushehr nuclear power station. Photo: IIPA via Getty Images

Iran announced Monday that it will break uranium stockpile limits set under the 2015 nuclear deal within the next 10 days, the AP reports.

Why it matters: The move, coming at a time of escalating tensions with the U.S., further jeopardizes a deal that European nations have worked to save after President Trump's decision last year to pull the U.S. out and impose economic sanctions that threw Iran's economy into a tailspin. President Hassan Rouhani has warned Europe that Iran will continue to increase its enrichment unless a new deal is reached by July 7, per the AP.

Expert Voices

Without new talks, U.S.–Iran tensions continue to escalate

spokesman for Iran's atomic energy agency in front of microphones at a press conference
Behrouz Kamalvandi, spokesperson for the Atomic Energy Organization of Iran, at a press conference in July 2018. Photo: Fatemeh Bahrami/Anadolu Agency/Getty Images

With its announcement Monday that it will exceed limits on the amount of low-enriched uranium allowed under the Joint Comprehensive Plan of Action (JCPOA), Iran is signaling the death of the landmark nuclear agreement reached with world powers in 2015.

Why it matters: Even if initial infringements are modest, the combination of rising tensions in the Persian Gulf, a near-total U.S. embargo on Iranian energy exports and Europe’s failure to operationalize a reliable means of trading with Iran is increasingly unstable.