Ex-Official Dismisses Proposal To Halt Uranium Production

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.