Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesVIENNA - As its 2015 nuclear deal with major powers has eroded over the years, Iran has expanded and accelerated its nuclear programme, reducing the time it would need to build a nuclear bomb if it chose to, though it denies wanting to.
In 2018 then-President Donald Trump pulled the United States out of the deal, reimposing sanctions on Tehran that slashed its oil sales and battered its economy. In 2019, Iran started breaching the restrictions on its nuclear activities and then pushed far beyond them. Iran is now enriching uranium to up to 60% purity and has enough material enriched to that level, if enriched further, for two nuclear weapons, according to the International Atomic Energy Agency's theoretical definition.
As a result of Iran ceasing to implement elements of the deal, the IAEA can no longer fully monitor Iran's production and inventory of centrifuges, machines that enrich uranium, and it can no longer conduct snap inspections. That has prompted speculation about whether Iran could have set up a secret enrichment site, but there are no concrete indications of one.
Estimates of how long Iran would need for weaponisation generally vary between months and about a year.
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