Iran ready to compromise on uranium stockpile for US sanctions relief
Iran's deputy foreign minister, Majid Takht-Ravanchi, stated Tehran is prepared to compromise on its stockpile of highly enriched uranium in exchange for US sanctions being lifted. This follows resumed nuclear talks between Iran and the United States in Oman on February 6, with a new round scheduled in Geneva next week. Iran denies seeking nuclear weapons but insists on civilian nuclear technology rights. The Islamic republic possesses over 400 kilos of 60-percent enriched uranium, nearing bomb-grade material, and has not yet confirmed the Geneva talks. Western nations, led by the US and Israel, accuse Iran of military ambitions, while Tehran insists on its right to civilian nuclear technology. The US demands zero enrichment, but Iran considers this off the table. Potential US investments in Iran's energy sector may also be discussed. This development could impact global oil markets and regional stability, affecting Nigeria's economy and foreign policy considerations.