Iran may have dealt a "fatal blow" to chances of reviving the 2015 Iran nuclear deal by removing International Atomic Energy Agency monitoring equipment, the agency's director general Rafael Grossi said.
Iran told the UN's nuclear watchdog it planned to remove equipment, including 27 IAEA cameras — "basically all" the monitoring equipment installed under the 2015 deal, Mr Grossi said.
It leaves a window of opportunity of three to four weeks to restore at least some of the monitoring that is being scrapped, or the IAEA will lose the ability to piece together Iran's most important nuclear activities, he said.
"I think this would be a fatal blow (to reviving the deal)," Mr Grossi said of what would happen if that window went unused.
Iran spoke of retaliation if the IAEA's 35-nation board of governors passed a resolution drafted by the US, France, Britain and Germany criticising Tehran for its continued failure to explain uranium traces found at undeclared sites.
The resolution was passed by a large majority late on Wednesday.
A confidential IAEA report to member states on Thursday evening seen by Reuters said IAEA inspectors had removed cameras at two sites and placed them in storage under IAEA seals there.
'Not on death watch'
US officials, speaking on condition of anonymity, said even after the three or four-week period, Iran could still provide additional information to allow for the nuclear deal's revival.
"We are not on death watch (for the next) three to four weeks," said a senior US official.
The official said the deal could be resurrected, although the longer Iran withheld access the more transparency it would have to give the IAEA.
Indirect talks between Iran and the US on reviving the 2015 deal have been stalled since March.
"You think we would retreat from our positions if you pass a resolution at the (IAEA) board of governors? In the name of God and the great nation of Iran, we will not back off a single step from our positions," Iranian President Ebrahim Raisi said.
Since then-president Donald Trump pulled Washington out of the deal and re-imposed sanctions against Tehran in 2018, Iran has breached many of the deal's limits on its nuclear activities. It is enriching uranium to close to weapons-grade.
Western powers said it is getting closer to being able to sprint towards making a nuclear bomb. Iran denies wanting to.
France, Britain and Germany, the so-called E3, condemned Iran's actions on Thursday and urged it fully resumes its co-operation with the watchdog and end its nuclear escalation.
"These actions only aggravate the situation and complicate our efforts to restore full implementation of the JCPoA. They also cast further doubt on Iran’s commitment to a successful outcome," the E3 said in a statement that did not include the US, like on Wednesday.
Washington issued a separate statement, stopping short of condemning Iran's actions and urging Iran to choose diplomacy and de-escalation.
Iran has been keeping the data recorded by the extra monitoring equipment since February of last year, meaning the IAEA can only hope to access it at a later date. Mr Grossi said it was not clear what would happen to that data now.
He said more than 40 IAEA cameras would keep operating as part of the core monitoring in Iran that predates the 2015 deal.
In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile
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Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
UAE currency: the story behind the money in your pockets
Turkish Ladies
Various artists, Sony Music Turkey
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
Results
International 4, United States 1
Justin Thomas and Tiger Woods (US) beat Marc Leishman and Joaquin Niemann (International) 4 and 3.
Adam Hadwin and Sungjae Im (International) beat Xander Schauffele and Patrick Cantlay (US) 2 up.
Adam Scott and Byeong Hun An (International) beat Bryson DeChambeau and Tony Finau (US) 2 and 1.
Hideki Matsuyama and C.T. Pan (International) beat Webb Simpson and Patrick Reed (US) 1 up.
Abraham Ancer and Louis Oosthuizen (International) beat Dustin Johnson and Gary Woodland (US) 4 and 3.
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