Iran announced its intention to continue enriching and stockpiling uranium in excess of the limitations imposed under the nuclear agreement of 2019. Tehran repeated its claim that since the country is suffering from sanctions, mainly American ones, imposed on it, the country is no longer required to abide by its commitments under the agreement.
The IAEA determined in its latest report that Iran continues its policy of stockpiling low-enriched uranium, and had stockpiled 2.32 tons up to August 25. It is a large increase compared to that of the previous report of May 25 when the amount was 1.73 tons. The current amount is more than 10 times the limit set by the report in 2015.
Sputnik News reports that Iran started to stockpile uranium since the summer of 2019. Since the US pulled out of the nuclear agreement and the sanctions were imposed, Iran's trade in oil was hit hard and Iranian banks were in effect cut off from the SWIFT system.