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

Trendingnow

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
LeadershipPolitics

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

By
Natasha Bach
Natasha Bach
Down Arrow Button Icon
By
Natasha Bach
Natasha Bach
Down Arrow Button Icon
June 17, 2019, 1:10 PM ET
Add Fortune on Google for similar content.

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
Add Fortune on Google for similar content.

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
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Young worker at desk
SuccessGen Z
Remote-first fintech giant Revolut is making the office compulsory for new Gen Z grads—and they’ll earn flexibility like their peers after one year
By Emma BurleighJune 30, 2026
1 hour ago
Henry Kravis
SuccessCareers
Wall Street billionaire turned an hour meeting with Disney’s cofounder into an entire day together—all he did was read a report most analysts ignored
By Preston ForeJune 30, 2026
2 hours ago
Warren Buffett breaks from a ‘lifetime’ pledge to the Gates Foundation as the Epstein fallout deepens
SuccessWarren Buffett
Warren Buffett breaks from a ‘lifetime’ pledge to the Gates Foundation as the Epstein fallout deepens
By Sydney LakeJune 30, 2026
2 hours ago
kean
PoliticsElections
New Jersey Republican to reappear in Congress after unexplained 4-month absence
By Mike Catalini and The Associated PressJune 30, 2026
5 hours ago
swiss
EuropeHeat
It’s so hot in Switzerland that yodelers are standing in fountains
By Jez Fielder and The Associated PressJune 30, 2026
5 hours ago
wb
CommentaryLeadership
I grew BDO from $600 million to $3.4 billion. Here’s the 3-part formula that made it possible
By Wayne BersonJune 30, 2026
5 hours ago

Most Popular

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
5 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
3 days ago
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
AI
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
19 hours ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
2 days ago
Current price of oil as of June 29, 2026
Personal Finance
Current price of oil as of June 29, 2026
By Joseph HostetlerJune 29, 2026
1 day 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.