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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Tehran Confirms 60% Enrichment 'Reversible' If US Lifts Sanctions
Reports from Reuters state that the Iranian gov't has confirmed that its enriching of uranium to 60% fissile purity, intended as a demonstration of the country's ability to do so after a cyber-attack, can be reversed if the United States lifts its sanctions on the country.
- Iran had previously enriched uranium to 20% purity, far in excess of the 3.67% purity required for domestic nuclear power generation that is permitted by the Joint Comprehensive Plan of Action (JCPoA, the Iran nuclear deal). Raising this level to 60% brings Iran a significant step closer to being able to reach weapons-grade purity, something Israel has stated it would never allow to happen.
- This morning gov't spox Ali Rabiei told reporters that "As in previous steps this measure can quickly be reversed for a return to the agreed enrichment level in the nuclear accord if other parties commit to their obligations,"
- It remains to be seen whether the US will countenance a reduction in sanctions in the face of what opponents of the JCPoA are calling Iranian blackmail.
- The ultimatum comes as talks in Vienna between Iran and the JCPoA signatories (China, France, Germany, Russia, UK) - with the US separately on the sidelines - have been said to be moving in the right direction.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.