• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipPolitics

Iran Accelerates Enriched Uranium Production Amid Tensions With U.S.

By
Golnar Motevalli
Golnar Motevalli
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Golnar Motevalli
Golnar Motevalli
and
Bloomberg
Bloomberg
Down Arrow Button Icon
May 20, 2019, 2:32 PM ET
Iran has accelerated the rate at which it’s enriching low-grade uranium four-fold, weeks after threatening to gradually scale back its commitments under a 2015 deal meant to prevent it from developing a nuclear bomb.The semi-official Tasnim news agency quoted Behrouz Kamalvandi, an official at Iran’s Atomic Energy Organization, as saying that Iran had increased its output of 3.67% enriched uranium as of Monday, and that the United Nations nuclear watchdog had been informed. The number of active centrifuges has not been raised, it added. Crucially, Iran hasn’t increased the level to which it is enriching beyond the agreed limit.

“This issue does not mean that there is an increase in the purity of the material or that there’s an increase in the number of centrifuge machines or that there’s a change in the type of centrifuges,” Kamalvandi said, according the Tasmin.

Tehran has already announced it stopped complying with a 300-kilogram cap on the storage of enriched uranium and heavy water imposed by the multilateral accord, and said it would abandon limits on uranium enrichment unless Europe throws it an economic lifeline within 60 days, setting an ultimatum for the survival of the landmark agreement.

….Iran will call us if and when they are ever ready. In the meantime, their economy continues to collapse – very sad for the Iranian people!

— Donald J. Trump (@realDonaldTrump) May 20, 2019

Tensions in the Gulf have spiked since the U.S. stopped granting waivers to buyers of Iranian oil early this month, tightening sanctions slapped on the Islamic Republic after President Donald Trump pulled the U.S. out of the nuclear deal a year ago.

With an economic crisis looming, Iran announced on May 8 it would gradually withdraw from the agreement unless the remaining parties find a way to ease its pain. That was followed last week by so far unexplained sabotage attacks against four vessels, including two Saudi oil tankers, heading toward the Gulf and a drone attack by Iran-backed Yemeni rebels against Saudi pumping stations, which forced the temporary suspension of an east-west pipeline.

On Wednesday, the U.S. cited growing yet unspecified threats as it ordered the departure of non-emergency staff from Iraq, where Iran provides material and political support to several powerful militias.

By the end of last week, Trump appeared to dial back the tensions, reiterating earlier statements that he’s open to talks with the Iranian government and saying he hopes there isn’t a war. But he’s also signaled that the U.S. will respond to any provocations while saying Tehran needs to initiate any talks.

“Iran will call us if and when they are every ready,” Trump wrote on Twitter on Monday. “In the meantime, their economy continues to collapse — very said for the Iranian people.”

Though all sides have said they do not want war, heightened concerns have rattled oil markets and become a subject of debate at a meeting of OPEC oil exporters taking place in the Saudi city of Jeddah. Iran says that its nuclear program is for civilian energy and medical uses and that it has never sought nuclear weapons.

The U.S. accelerated the dispatch of an aircraft carrier and moved B-52 bombers to the region in recent weeks, citing unspecified threats from Iran and its proxies.

The Trump administration revoked this month two waivers that enabled Iran to send surplus heavy water to Oman and ship out any enriched uranium above the 300 kg limit in exchange for natural or “yellowcake” uranium. Those measures undermined Iran’s ability to dispose of excess materials, forcing it to choose either between stopping enrichment, as the Trump administration wants, or abandoning its commitment to the storage threshold.

More must-read stories from Fortune:

—Abortion is still legal in all 50 states

—Alabama’s abortion bill is the strictest in the nation. Here’s what that means

—Trump keeps alluding to extending his presidency. Does he mean it?

—Meet the Republicans likely to challenge Trump in the 2020 primary

—Is the Muslim Brotherhood a terrorist organization? Trump thinks so

About the Authors
By Golnar Motevalli
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

EconomyUkraine invasion
Russian attacks on Ukraine’s energy infrastructure are the biggest threat to its economy, which could shrink as much as 3%
By Kamila Hrabchuk and The Associated PressFebruary 8, 2026
3 hours ago
C-SuiteMedia
Washington Post publisher to step down after big layoffs as union calls his legacy ‘attempted destruction of a great American journalism institution’
By David Bauder and The Associated PressFebruary 8, 2026
3 hours ago
Tom Brady looks on prior to the game at AT&T Stadium on September 15, 2024 in Arlington, Texas.
Personal FinanceNFL
Tom Brady is making 15 times more as a Super Bowl commentator than he did playing in the big game thanks to $375 million contract 
By Eva RoytburgFebruary 8, 2026
5 hours ago
tipping
CommentaryTipping
I’m the chief growth officer at a payments app and I know how America really tips. Connecticut, I’m looking at you
By Ricardo CiciFebruary 8, 2026
5 hours ago
heacock
CommentaryLeadership
I’m a CEO who grew a ‘boring’ air filter business into a $260 million company, and AI is going to help blue-collar, everyday people just like me
By David HeacockFebruary 8, 2026
5 hours ago
Joanna Griffiths, the founder and president of Knix
SuccessEntrepreneurs
The founder of $400 million company Knix sees a hypnotherapist to ‘rewire’ her brain and work through her fear of failure
By Emma BurleighFebruary 8, 2026
6 hours ago

Most Popular

placeholder alt text
Success
Even with $850 billion to his name, Elon Musk admits ‘money can’t buy happiness.’ But billionaire Mark Cuban says it’s not so simple
By Preston ForeFebruary 6, 2026
2 days ago
placeholder alt text
Economy
Elon Musk warns the U.S. is '1,000% going to go bankrupt' unless AI and robotics save the economy from crushing debt
By Jason MaFebruary 7, 2026
24 hours ago
placeholder alt text
Success
Gen Z Patriots quarterback Drake Maye still drives a 2015 pickup truck even after it broke down on the highway—despite his $37 million contract
By Sasha RogelbergFebruary 7, 2026
1 day ago
placeholder alt text
AI
AI can make anyone rich: Mark Cuban says it could turn 'just one dude in a basement' into a trillionaire
By Sydney LakeFebruary 7, 2026
1 day ago
placeholder alt text
Future of Work
Anthropic cofounder says studying the humanities will be 'more important than ever' and reveals what the AI company looks for when hiring
By Jason MaFebruary 7, 2026
1 day ago
placeholder alt text
Crypto
Bitcoin whales and ETFs are bailing out of the market; UBS warns: ‘Crypto is not an asset’
By Jim EdwardsFebruary 6, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.