Britain sees "small window" to salvage nuclear deal, Iran urges Europe to act

Britain said on Monday there was a “small window” of time to save the Iran nuclear deal, as Tehran signaled it would ramp up its nuclear program — seen by the West as a cover for making atomic bombs — if Europe failed to do more to salvage the pact.

U.S.-Iranian tensions have worsened since U.S. President Donald Trump decided last year to abandon the nuclear deal under which Iran agreed to curtail its atomic program in return for relief from economic sanctions crippling its economy.

“Iran is still a good year away from developing a nuclear bomb. There is still some closing, but small window to keep the deal alive,” Foreign Secretary Jeremy Hunt told reporters on arrival for a foreign ministers’ meeting in Brussels.

The Brussels gathering will seek to flesh out how to convince Iran and the United States to reduce tensions and start a dialogue amid fears that the 2015 deal is close to collapse.

In reaction to the re-imposition of tough U.S. sanctions, which have notably targeted Iran’s main oil revenue stream, Tehran has cut some of its nuclear commitments under the deal, leading the European parties to the pact, France, Britain and Germany, to warn it about not fully complying with the terms.

When asked whether European powers would seek to penalize Iran for breaking parts of its nuclear commitments, Hunt said they would seek a meeting of the parties to deal with it.

“We will and there’s something called a joint commission, which is the mechanism set up in the deal which is what happens when one side thinks the other side has breached it, that will happen very soon,” he said.

Iran denies ever having sought a nuclear weapon.

In Tehran, Iran’s nuclear agency said Iran would return to the situation before the nuclear deal unless European countries fulfilled their obligations.