Iran Nuclear Program: Tehran’s Latest Fuel Swap Offer

If the fuel swap proposal designed to end the standoff over Iran’s nuclear program were a cat, it would be up to its sixth life by now. But Iran has just floated yet another counteroffer: a swap of all of its low-enriched uranium for the fuel cells — fabricated from 20 percent enriched uranium — needed to power its medical reactor. The hitch is that the exchange, as formulated by the head of Iran’s nuclear energy agency, would have to be conducted on Iranian territory and simultaneoulsy. That is, Iran would hold onto its LEU, under IAEA seal and oversight, […]

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