Overview
- The US offered a temporary arrangement on June 1 that would let Iran enrich uranium at around 3 percent while a regional consortium builds new fuel facilities.
- Iran’s Supreme Leader Ayatollah Ali Khamenei publicly condemned any halt to enrichment and Foreign Minister Abbas Araghchi reaffirmed it as Tehran’s “red line.”
- Under the plan, the IAEA would monitor a consortium including the US, Saudi Arabia and the UAE that would supply fuel and eventually oversee enrichment activities.
- Washington and Tehran remain divided on whether fuel production should take place outside Iran or on Gulf islands such as Kish or Qeshm.
- Iran is expected to deliver a formal counterproposal in the coming days as indirect talks, mediated by Oman, prepare for a potential sixth round.