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

Iran Nuclear Deal, Enriched Uranium, and U.S. Sanctions: Everything You Need to Know

By
Natasha Bach
Down Arrow Button Icon
By
Natasha Bach
Down Arrow Button Icon
June 17, 2019, 1:10 PM ET

Iran is 10 days away from exceeding the uranium stockpile limit imposed by the 2015 nuclear deal.

Behrouz Kamalvandi, a spokesman for Iran’s Atomic Energy Organization, said Monday that the country has quadrupled production of uranium, such that it would surpass the 300-kilogram limit by June 27. He noted, however, that there was “still time” for European countries to step in and protect Iran from U.S sanctions.

The move comes as tensions between the U.S. and Iran are running high, after a number of unexplained bombings of oil tankers in the Persian Gulf, which the U.S. has blamed on Iran. Iran has denied involvement.

Here’s some background on what is happening.

What is the Iran nuclear deal?

In 2015, Iran, the U.S., and a number of other global powers signed the Joint Comprehensive Plan of Action (JCPOA), informally known as the Iran nuclear deal. Under the JCPOA, Iran agreed to limit uranium production and allow international inspectors in the country in exchange for the lifting of preexisting sanctions that were crippling the nation’s economy.

By May 2018, President Donald Trump withdrew the U.S. from the deal. In the months since, the U.S. has reimposed all of its sanctions on Iran.

The other nations have not followed suit, but the deal was weakened. They have nevertheless warned Iran not to violate it, suggesting that they would be forced to reimpose their own sanctions. Iran, for its part, has continued to maintain that its nuclear program is for peaceful purposes.

What is enriched uranium and why is it a big deal?

Enriched uranium can be used for two things: to make reactor fuel and nuclear weapons. The big distinguishing factor is how enriched the uranium is. “Low-enriched” uranium has a lower concentration of U-235 of 3-4% and is used for nuclear power plants. “Weapons-grade” uranium, on the other hand, is 90% enriched.

Under the JCPOA, Iran is required to cap its uranium enrichment at 3.67% until 2030, and the stockpile of this enriched uranium cannot exceed 300 kilograms. These and other limitations were put in place to dramatically decrease Iran’s ability to build a nuclear bomb and increase its “break-out time,” or time needed to rush to make a bomb, to more than one year.

Kamalvandi said that the increased uranium production is to meet the needs for a nuclear power plant in the south of the country, as well as a Tehran research center. However, he said that the enrichment levels needed are 5% and 20%, respectively, which could potentially make it easier and quicker to reach weapons-grade enrichment in the future.

What is really going on here?

After the U.S. withdrew from the JCPOA, it has become more difficult for the remaining countries to mitigate the effects of the reimposed sanctions on Iran’s economy. Some see Iran’s Monday announcement as a means to put pressure on Europe to come up with a solution, as it was timed just ahead of a scheduled meeting of EU foreign ministers in Brussels and the arrival of France’s new ambassador to Iran.

The U.K., Germany, and France have plans to set up an alternative payment mechanism which is intended to help companies trade with Iran, while circumventing penalties from the U.S. But this has not proven sufficient for Iran, which suspended commitments under the agreement last month and gave the remaining signatories to the deal a 60-day deadline to protect it from U.S. sanctions.

In the weeks since, it has largely become a game of chicken: the European countries have threatened to reimpose their own sanctions if Iran resumes uranium enrichment, while Iran has said it would resume such production if the signatories don’t protect it.

Kamalvandi told state TV Monday that “Iran’s reserves are every day increasing at a more rapid rate,” but added that “the move will be reversed once other parties fulfill their commitments.” A U.S. National Security Council spokesperson reportedly called Iran’s plans “nuclear blackmail.”

More must-read stories from Fortune:

—2020 Democratic primary debates: Everything you need to know

—The campaign finance power behind Trump impeachment efforts

—Not every state is restricting abortion rights—some are expanding them

—Richard Nixon‘s “Western White House” is back on the market—at a discount

—Trump administration to use former Japanese internment camp to house migrant children

Get up to speed on your morning commute with Fortune’s CEO Daily newsletter.

About the Author
By Natasha Bach
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

© 2025 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.


Latest in Leadership

Tom Freston
Arts & EntertainmentMedia
Tom Freston, the beat-poet exec who made MTV cool for 20 years, sees ‘really nothing in it for the consumer’ from Netflix, Warner, or his old company
By Nick LichtenbergDecember 21, 2025
3 hours ago
Young banker
SuccessCareers
Is AI really killing finance and banking jobs? Experts say Wall Street’s layoffs may be more hype than takeover—for now
By Emma BurleighDecember 21, 2025
5 hours ago
Future of WorkGen Z
Meet a 55-year-old automotive technician in Arkansas who didn’t care if his kids went to college: ‘There are options’
By Muskaan ArshadDecember 21, 2025
7 hours ago
Future of Workthe future of work
A Walmart employee nearly doubled her pay after entering its pipeline for skilled tradespeople. ‘I was able to move out of my parents’ house’
By Anne D'Innocenzio and The Associated PressDecember 20, 2025
17 hours ago
Successspace
Paraplegic engineer becomes the first wheelchair user to blast into space — laughing all the up, while on board a Blue Origin rocket
By Marcia Dunn and The Associated PressDecember 20, 2025
17 hours ago
Scott Anthony
Future of WorkColleges and Universities
‘They’ll lose their humanity’: Dartmouth professor says he’s surprised just how scared his Gen Z students are of AI
By Nick LichtenbergDecember 20, 2025
1 day ago

Most Popular

placeholder alt text
Economy
For the first time since Trump’s tariff rollout, import tax revenue has fallen, threatening his lofty plans to slash the $38 trillion national debt
By Sasha RogelbergDecember 12, 2025
9 days ago
placeholder alt text
Future of Work
A Walmart employee nearly doubled her pay after entering its pipeline for skilled tradespeople. 'I was able to move out of my parents' house'
By Anne D'Innocenzio and The Associated PressDecember 20, 2025
17 hours ago
placeholder alt text
Success
The scientist who helped create AI says it’s only ‘a matter of time’ before every single job is wiped out—even safer trade jobs like plumbing
By Orianna Rosa RoyleDecember 19, 2025
2 days ago
placeholder alt text
Future of Work
Meet a 55-year-old automotive technician in Arkansas who didn’t care if his kids went to college: ‘There are options’
By Muskaan ArshadDecember 21, 2025
7 hours ago
placeholder alt text
Future of Work
'They'll lose their humanity': Dartmouth professor says he's surprised just how scared his Gen Z students are of AI
By Nick LichtenbergDecember 20, 2025
1 day ago
placeholder alt text
Economy
Sneaking unemployment rate means the U.S. economy is inching closer to a key recession indicator, says Moody’s
By Eleanor PringleDecember 19, 2025
2 days ago