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Iran, Turkey Reach Uranium Deal

Talks between Iran, Turkey, Brazil end with nuclear fuel deal that could ease worries over Iranian nuclear program.
By Maayana Miskin
First Publish: 5/17/2010, 11:24 AM / Last Update: 5/17/2010, 2:15 PM

Jose Cruze, Agencia Brasil

Talks between Iran, Turkey, and Brazil have ended with a nuclear fuel swap deal that could ease concerns over Iran's nuclear program. The countries agreed that Iran will ship most of its enriched uranium to Turkey, which in turn will supply Iran with nuclear fuel rods.

The deal would give Iran what it needs to run a research reactor, while leaving the country with less uranium that could be enriched to weapons-grade material. The material in the fuel rods cannot be enriched to the level required for nuclear weapons.

Iran will officially notify the United Nations International Atomic Energy Agency (IAEA) of the signed deal within the next several days, Iranian officials said.

The deal may reduce pressure on Iran over its nuclear program. Iran has faced threats of harsh sanctions over its refusal to stop uranium enrichment.

Iranian leaders rejected a previous proposal that would have seen Iranian fuel exchanged for fuel rods from Russia and France.