Iran will exceed the internationally agreed limit on its\nstockpile of LEU within 10 days, Iran’s atomic energy agency said on Monday.<\/p>\n\n\n\n
A spokesman for Iran’s Atomic Energy Organization said the\ncountry would raise enrichment levels by to 20 percent \u2013 close to the levels\nused in weapons – for use in domestic reactors, but stressed that Europe still\nhas a chance to save the 2015 nuclear deal if it wants\nto find a means of protecting the Islamic Republic from the crippling effect of\nUS economic sanctions.<\/p>\n\n\n\n
“We have quadrupled the rate of enrichment and even\nincreased it more recently, so that in 10 days it will bypass the 300 kg limit,”\nBehrouz Kemalfandi, spokesman for Iran’s Atomic Energy Organization, said on\nstate television. “There is still time … if European countries\nact.”<\/p>\n\n\n\n
Iran will exceed the internationally agreed enrichment level\nof 3.67 percent, the amount allowed to develop nuclear power. The rate for\nbuilding nuclear weapons is 90 percent, but according to nuclear experts,\naccess to enrichment from 3 to 4 percent is\nequivalent to about two-thirds of the work done to that\nfigure by 90 percent, as any increase exceeds\nthat small amount that seems to speed up the break time.<\/p>\n\n\n\n
Tehran is threatening to drop its commitments under the\nnuclear deal, a year after the Trump administration withdrew and re-imposed\nsanctions on Iran’s economy, most notably the oil sector, the country’s biggest\nsource of revenue.<\/p>\n\n\n\n
The nuclear agreement, officially known as the Joint\nComprehensive Plan of Action (JCPOA), was intended to provide Iran with sanctions subsidies in exchange for restrictions on\nits nuclear program and was signed under the Obama administration alongside the\nUnited States, France, Germany, the United Kingdom, Russia and China.<\/p>\n\n\n\n
The other parts involved in the agreement opposed the United\nStates’ withdrawal and vowed to keep the deal alive, even considering the\ncreation of a special vehicle that could facilitate trade with Iran while\navoiding US secondary sanctions.<\/p>\n\n\n\n
European leaders need to “act, not talk,” a\nspokesman for Iran’s Atomic Energy Organization said on Monday.<\/p>\n\n\n\n
The announcement came a few days after suspected attacks on\ntwo foreign tankers in the Gulf of Oman, which US authorities blamed on Iran.\nThe site of the blast is located near the critical shipping corridor, the\nStrait of Hormuz, a narrow corridor that accounts for 30 percent of the world’s\nsea-transported oil.<\/p>\n\n\n\n
The events, which pushed oil prices up to 4% and forced ship\ncrews to abandon their disrupted ships, came just a month after four oil\ntankers were damaged in alleged sabotage missions that the US attributed to to\nIran. Tehran denies all these accusations, claiming that Washington aims to\nfuel “Iranophobia” and find an excuse to go to war.<\/p>\n\n\n\n
The third technical advantage is the\nconstant behavior of the oil price as it moves in the trading ranges. Oil has a\nsolid pattern of movement in trading ranges around the $11 level.<\/p>\n\n\n\n
The application of the commercial\nscale projection methods gave a target near $76. This has been achieved and a\nretreat from this price level is an expected part of the trading range pattern.\nA break above $76 gives a bullish target near $ 87.<\/p>\n\n\n\n
The continuation of a strong bullish\ntrend appears when the price is able to move above the resistance near $76 and\nabove the trend line value. This may indicate that the trendline is working\nagain as a support feature.<\/p>\n\n\n\n
All support and trend strength continue\nto point to a temporary decline in oil prices. The long-term trading target is\napproaching $87, so traders will be buying in anticipation of the continuation\nof the trend.<\/p>\n\n\n\n
The ANTSYSS trade method is used to\nextract good returns from this trend behavior.<\/p>\n","protected":false},"excerpt":{"rendered":"
Iran will exceed the internationally agreed limit on its stockpile of LEU within 10 days, Iran’s atomic energy agency said on Monday. A spokesman for Iran’s Atomic Energy Organization said the country would raise enrichment […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[42,36,34,114,120,123,41,44,72,119,45,109,39,125,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1245"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1245"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1245\/revisions"}],"predecessor-version":[{"id":1247,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1245\/revisions\/1247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1246"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}