IAEA reaffirms Iran's compliance to nuclear deal for 10th time

Abbas Araghchi right said the 2015 deal was a “success story” for everyone but Iran

Abbas Araghchi right said the 2015 deal was a “success story” for everyone but Iran Ebrahim Noroozi AP

According to the New York Post, the Islamic Republic's Deputy Foreign Minister announced the possibility during an worldwide conference in London, saying the UK, China, France, Germany, Russia, and the United States' sanctions against Iran have caused big banks to stay away from major business deals.

The International Atomic Energy Agency (IAEA) has once again confirmed that Iran is fulfilling its commitments under the 2015 multilateral nuclear agreement.

A quarterly report on Iran by the United Nations nuclear watchdog, which is policing the deal's restrictions, showed that Iran remained compliant, but also that it had informed the agency of a "decision that has been taken to construct naval nuclear propulsion in future".

Iran has raised that prospect in public statements before.

The UN nuclear agency said in a report, cited by French news agency AFP, that the Islamic Republic is sticking to the deal's key parameters such as the number of uranium centrifuges and stockpiles. A total of $100bn in frozen Iranian assets was also released.

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US President Donald Trump speaks about the Iran deal from the Diplomatic Reception room of the White House in Washington, DC, on October 13, 2017.

He wants all three strengthened if the United States is to stay in the nuclear deal, which is known by diplomats as the Joint Comprehensive Plan of Action, or JCPOA.

The nuclear deal, however, did not do much to ease tensions between the U.S. and Iran.

"We can not remain in a deal in which there is no benefit for us".

What is the Iran Nuclear Deal? .

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"If we lose the JCPOA, we will face another nuclear crisis", Araqchi said.

For his part, German ambassador Michael Klor-Berchtold highlighted the growing activities of German companies in Iran, saying some of these companies didn't leave Iran even under the global sanctions over its nuclear program. Chris Coons (D - Del.), who had supported the nuclear deal, criticized then Secretary of State John Kerry's efforts to drum up business for Iran in Europe in light of complaints from Iran that the received sanctions relief was inadequate.

Joshua Keating, a foreign policy expert for Slate, earlier this month, published a reconsideration of the deal which he once "fully supported", writing, "in order to address a terrifying but hypothetical danger-an Iranian nuke-the Obama administration's foreign policy accepted a real and catastrophic one".

"First, it must demand that Iran allow immediate inspections at all sites requested by global inspectors".

President Trump has said if these conditions are not met, he would bring back the old sanctions that were so crippling to the Iranian economy.

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