Iran Says IAEA Referral Will Push Countries to Exit Nuclear Treaty

2 min read
Iran Says IAEA Referral Will Push Countries to Exit Nuclear Treaty
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Iran's Supreme National Security Council says the IAEA's referral of Tehran to the UN Security Council will push countries to abandon the Non-Proliferation Treaty. The warning lands alongside a fresh US sanctions round on Iran's aviation sector and a Tehran move to waive a shipping fee for foreign vessels carrying energy cargo, together marking a sharp escalation on both the nuclear and economic fronts.

Iran warns of an NPT exodus

According to Reuters, Mohsen Rezaei, Secretary of Iran's Supreme National Security Council, said Thursday the IAEA's "political moves" will push countries to exit the Non-Proliferation Treaty. His comments came a day after the IAEA's 35-nation board of governors passed a resolution reporting Iran to the UN Security Council for breaching its non-proliferation obligations.

Washington widens its sanctions net

The US Treasury sanctioned 36 entities and individuals tied to Iran's aviation sector on September 8. The action extends a campaign under "Operation Economic Outcast" that has now reached nearly 100 targets in just over two weeks. The designations target networks supporting Mahan Air and the foreign intermediaries that help Iran acquire US-origin aircraft and technology.

Several general licenses that had allowed humanitarian transactions, including remittances and academic engagement, were suspended or narrowed as part of the same rollout, with General License BB's wind-down period expiring on September 8 — the same day the aviation sanctions were announced.

Iran waives a shipping fee under blockade pressure

Iran suspended a 10% freight charge on foreign vessels carrying oil, gas, and liquid petroleum products, effective September 10, an order issued by the presidential legal deputy. The move is a direct response to a US naval blockade that has curtailed Iran's seaborne energy exports through the Strait of Hormuz, the chokepoint through which roughly a fifth of global oil supply passes daily.

The waiver is pending an official list specifying which products qualify, though Iranian officials are betting the lower cost will draw foreign carriers back into a trade route sanctions enforcement and insurance risk have made increasingly hostile.

Sources: Investing.com (Reuters), Crypto Briefing, Crypto Briefing

Trading involves risk.

Most traded markets

BRENT
+6.76% 110.390
BTC / USD
-1.35% 77,180.2
GOOG
+0.36% 329.65
ETH / USD
-0.32% 2,458.86
NVDA
-1.95% 219.02
BNB / USD
-2.52% 714.63
View all markets

Author

PrimeXBT
Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. We thoroughly research the sources of information in order to provide readers with quality content that serves edu...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: Some past publications may be outdated. We recommend following our news to stay up to date with the latest information. For any questions, feel free to contact our support team via the chat below.
The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Today in markets

Browse World News

Register Now

Trading involves risk

Get started in minutes

Our clients love how fast and simple our sign-up is. It takes just a few minutes to get started!

Get Started Get Started
Get started in minutes

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.