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    market news

    Ex-Official Dismisses Proposal To Halt Uranium Production

    Investing News Network
    Jun. 15, 2012 10:08AM PST
    Energy Investing

    Reuters reported an Iranian official dismissed a proposal yesterday that called for the country to cease its production of higher-grade uranium.

    Reuters reported a former Iranian official dismissed a proposal yesterday that called for the country to cease its production of higher-grade uranium.

    As quoted in the market news:

    A former Iranian negotiator dismissed on Friday as “diamonds for peanuts” a proposal by world powers that Tehran halts higher-grade uranium enrichment and closes an underground nuclear site in exchange for reactor fuel and civil aviation parts.

    Hossein Mousavian, now a visiting scholar at Princeton University in the United States, said he did not believe Iran would accept the offer when the two sides hold a new round of talks in Moscow next week.

    Click here to read the full Reuters report.

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