Iran Press/ Iran news: A June 28 meeting of the JCPOA joint commission in Austria gave rise to speculation that Iran may refrain from or postpone scaling down its commitments to the nuclear deal following promising signs that the Instrument in Support of Trade Exchanges (INSTEX) may ease Tehran’s foreign trade ties.
Iranian News Agency Tasnim, based to its informed source reported that Iran will definitely carry out the second step to reduce its JCPOA commitments in due time, most likely on July 7, given that its conditions have not been met and the INSTEX has proved totally insufficient for Iran’s needs.
The reason why Iran has not announced the result of first moves to scale down the JCPOA commitments is that the International Atomic Energy Agency (IAEA) will probably declare the issue in the coming days, the source added.
In its first step, Iran announced the decision to stop selling any 3.67% enriched uranium above the 300-kg limit and also decision to stop selling its heavy water above the limit of 130 tons.
As regards China and the UK’s plan to continue cooperation with Iran in redesigning the Arak heavy water reactor, the informed source said those two countries have announced in the final statement of the JCPOA joint commission meeting in Vienna that they will finish redesigning the Iranian reactor in due time.
If this process goes on correctly, another subject will replace the issue of Arak reactor in the second step of reduction in Iran’s commitments to the JCPOA, the source added.
On May 8, 2018, US President Donald Trump pulled his country out of the 2015 nuclear accord.Following the US withdrawal, Iran and the remaining parties launched talks to save the accord.However, the EU’s failure of ensure Iran’s economic interests forced Tehran to stop observing certain commitments under JCPOA in May 2019.
Iran has also set a 60-day deadline for the remaining JCPOA parties to fulfill their undertakings.
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