• Saturday, May 18, 2024
businessday logo

BusinessDay

Tehran unveils nuclear shipping programme

hassan-rouhani

Iran has told its scientists to start developing a nuclear propulsion system for shipping, in what it says is a response to the extension of US bilateral sanctions against Tehran.

The US Senate voted earlier this month to extend the president’s authority to impose financial sanctions on Iran for a further 10 years. The Islamic Republic regards the move as a breach of last year’s nuclear agreement between Iran and six world powers – the US, UK, France, Russia, China and Germany.

The White House has described the bill as unnecessary but said it did not violate the international accord, and the extension is set to be signed into law by Barack Obama, US president, in the coming days.

Hassan Rouhani, Iran’s president, yesterday called on the country’s atomic energy organisation to start “designing and constructing a nuclear propulsion system to be used in marine transportation”.

Kamal Kharrazi, the country’s former foreign minister, said Iran did not plan to violate the nuclear accord but that Tehran needed to demonstrate its ability to take action if others did so. “[The country] should take steps to safeguard its rights against their failure of commitments and show them that we can take decisions in this line,” he told Fars, the semi-official news agency, yesterday.

It is unclear whether the new technology is intended for use in ships or submarines. In 2012, Iran announced it was at the initial stage of building its first nuclear-powered submarine. Some parliamentarians at the time urged the government of the then president Mahmoud Ahmadi-Nejad to start enriching uranium to the levels needed for nuclear-powered ships.

Under the accord, reached last year in Vienna, Tehran agreed to dismantle key nuclear facilities and allow intrusive inspections to ensure it was in compliance, in return for tens of billions of dollars in relief from sanctions imposed over its atomic ambitions.

The latest measure may stoke tensions between Tehran and Washington. During his election campaign, Donald Trump, US president-elect, described the nuclear agreement as the “worst deal ever negotiated” and alternated between saying he would tear it up and that he would renegotiate it.

His transition team has begun sounding out Republicans in Congress about the options for sanctions that might not technically breach the accord.