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Iran reserves right to counter US economic terrorism

Iranian Foreign Minister Mohammad Javad Zarif highlighted reasons for the country’s move to reduce its commitments under the 2015 nuclear deal, known as the JCPOA, and said the Islamic Republic reserves the right to protect its interests in the face of “US economic terrorism”.

According to Tasnim news agency, Zarif said on his official Twitter account on Sunday “Today, Iran is taking its second round of remedial steps under Para 36 of the JCPOA. We reserve the right to continue to exercise legal remedies within JCPOA to protect our interests in the face of US #EconomicTerrorism. All such steps are reversible only through E3 compliance.”

“Having failed to implement their obligations under JCPOA—incl after US withdrawal—EU/E3 should at minimum politically support Iran’s remedial measures under Para 36, incl at IAEA. E3 have no pretexts to avoid a firm political stance to preserve JCPOA & counter U.S unilateralism,” the top diplomat tweeted.

Iran on Sunday declared the second step to reduce its commitments by ramping up the level of uranium enrichment to over 3.67 percent.

President Hassan Rouhani had warned on Wednesday that the second step of reduction in Iran’s commitments would take place on Sunday, saying, “On July 7, the level of (uranium) enrichment in Iran will not be 3.67 percent anymore, as we will abandon such a commitment and increase it (enrichment) to any amount that we need.”

Iran maintains that the new measures are not designed to harm the Joint Comprehensive Plan of Action (JCPOA), but to save the accord by creating a balance in the commitments.

Iran and the 5+ group 1 (Russia, China, US, Britain, France, and Germany) on July 14, 2015, reached a conclusion over the text of the nuclear deal.

The accord took effect in January 2016 and was supposed to terminate all nuclear-related sanctions against Iran all at once, but its implementation was hampered by the US policies and its eventual withdrawal from the deal.

On May 8, 2018, US President Donald Trump pulled his country out of the nuclear accord.

Following the US withdrawal, Iran and the remaining parties launched talks to save the deal.

However, the EU’s failure of ensure Iran’s economic interests forced Tehran to stop honoring certain commitments, including an unlimited rise in the stockpile of enriched uranium.

Last week, Iran’s stockpile of enriched uranium exceeded 300 kg.

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