Iran ready to cap enrichment in return for swift sanctions relief - WSJ

Iranian officials have indicated that, as part of any renewed agreement, they are seeking the rapid removal of US nuclear-related sanctions, The Wall Street Journal reported on Saturday.

They are also pushing for the release of billions of dollars currently frozen in foreign accounts and want the United States to stop pressuring Chinese companies that purchase Iranian oil, the report added citing Iranian and Arab sources.

In return, the report said, Iranian representatives have conveyed to European interlocutors that Tehran would be willing to scale its nuclear enrichment back to the levels permitted under the 2015 agreement, which the US exited during Donald Trump’s first presidential term.

Under the Joint Comprehensive Plan of Action (JCPOA), Iran agreed to restrict its uranium enrichment to no more than 3.67% U-235, far below the roughly 90% needed for weapons-grade material.