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In news likely to stoke risk-aversion, supporting the Yen and CHF and likely underpinning the price of oil, Iran is reported by  Fars News,  Iran’s semi-official  news agency, to be boosting its uranium enrichment to over 3.67% on Sunday.

This follows earlier news this week that the country’s stockpile of 3.67 percent enriched uranium has now passed the 300-kilogram limit set by the 2015 nuclear deal. Citing what it said was an “informed source,” Fars reported that the stockpile was measured and found to have exceeded the agreed limit laid out in the so-called Joint Comprehensive Plan of Action.  Iran can only keep a stockpile of no more than 300 kilograms (660 pounds) of low-enriched uranium, under the terms of the nuclear deal which is  compared to the 10,000 kilograms (22,046 pounds) of higher-enriched uranium it once had. It is also capped at storing 300 tons of heavy water, which it sells to Oman for use as a coolant in nuclear reactors.