Oil – Reports that Iran has increased its high-enriched uranium inventory by 77%

  
  Analysis

The latest International Atomic Energy Agency report says Iran’s store of uranium enriched to 60% levels increased 77% to 17.7 kilograms

This could be used in nuclear weapons says the report.
  • “The Agency’s verification and monitoring activities have been seriously undermined as a result of Iran’s decision to stop the implementation of its nuclear-related commitments,” IAEA Director General Rafael Mariano Grossi wrote in the restricted 13-page reported seen by Bloomberg. 
Talks with Itan are set to get underway again on November 29 – Itan wants U.S. sanctions on the country lifted in exchange for a cap on its atomic program. This latest from the IAEA does not auger well. Oil traders have been awaiting the return of Iranian oil to market if the talks are a success, although the return would still be a ways off.
More at the Bloomberg link above.
The latest International Atomic Energy Agency report says Iran's store of uranium enriched to 60% levels increased 77% to 17.7 kilograms
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