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Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Iranian missile may be able to hit U.S. by 2015 19 Apr 2010 Americans "bombarded" with cancer sources: report 06 May 2010 Ash cloud closes 19 Spanish airports, could spread | Video 11:33am EDT Obama Court pick imminent, Kagan called favorite 07 May 2010 Containment dome hovering above U.S. Gulf leak | Video 10:30am EDT Plunge highlights fragmented markets, fast traders 07 May 2010 UK parties to meet on Sunday to discuss deal | Video 10:27am EDT Study finds what makes calorie-burning "brown fat" 06 May 2010 Obama touts healthcare in new bid to ease doubts 6:03am EDT Global markets weekahead: Greek crisis goes viral 07 May 2010 The Science of Success 27 Apr 2010 Americans "bombarded" with cancer sources: report 06 May 2010 EU works on mechanism to stop Greek crisis spreading | Video 11:34am EDT Ash cloud closes 19 Spanish airports, could spread | Video 11:33am EDT Pakistanis pose as Indians after NY bomb scare 07 May 2010 Violence raises tensions as Thai protests drag on 9:45am EDT Spill could devastate U.S. Gulf Coast oyster reefs 1:07am EDT Global markets weekahead: Greek crisis goes viral 07 May 2010 Iranian missile may be able to hit U.S. by 2015 19 Apr 2010 UK department store Harrods sold to Qatar investor 10:24am EDT Iran welcomes Turkish, Brazilian nuclear fuel ideas Hashem Kalantari TEHRAN Sat May 8, 2010 10:09am EDT TEHRAN (Reuters) - Iran voiced optimism about Turkish and Brazilian mediation efforts in its nuclear dispute with the West, welcoming in principle ideas aimed at reviving a stalled fuel deal with major powers. World | Brazil "New formulas have been raised about the exchange of fuel ... I think we can arrive at practical agreements on these formulas," Foreign Ministry spokesman Ramin Mehmanparast said in remarks published by the daily Iran newspaper on Saturday. "That is why we welcomed the proposals in principle ... and left the details for more examination." He did not elaborate on the content of the proposals -- which have revolved around Iran sending low-enriched uranium abroad for further processing into fuel -- or say when they were presented. His comments appeared to be part of an Iranian attempt to avert a new round of U.N. sanctions on Tehran over a nuclear program the West fears is designed to develop bombs. Iran, a major oil producer, says it only seeks to generate electricity. Analysts say Iran may be trying to buy time and to split the six world powers -- the United States, Britain, France, Germany, Russia and China -- which are discussing imposing more punitive steps against the Islamic Republic. Turkey and Brazil, currently non-permanent members of the United Nations Security Council, have been trying to resuscitate the fuel proposal in a bid to stave off further sanctions on Iran that are sought by the United States and its allies. Brazilian President Luiz Inacio Lula da Silva will travel to Tehran at the end of next week to work on a negotiated solution with Iran, his foreign minister told Reuters on Friday. Iran's semi-official Mehr News Agency said Turkish Prime Minister Tayyip Erdogan would also be in Tehran on May 16, but his office said there were currently no such plans. COMMON POINT? President Mahmoud Ahmadinejad earlier this week agreed "in principle" to Brazilian mediation on the proposed fuel swap exchange, Iranian media reported. The plan is seen as a way to remove much of Iran's low-enriched uranium (LEU) stockpile to minimize the risk of this being used for atomic bombs, while Iran would get specially processed fuel to keep its nuclear medicine program running. But the proposal broke down over Iran's insistence on doing the swap only on its territory, rather than shipping its LEU abroad in advance, and in smaller, phased amounts, meaning no meaningful cut in a stockpile which grows day by day. Western officials have dismissed an Iranian counterproposal. The United States is lobbying U.N. Security Council members to back sanctions including proposed measures targeting Iranian banks, shipping and the country's all-important energy sector. But Brazilian Foreign Minister Celso Amorim told Reuters his country saw a window of opportunity and a willingness by Iran to reach a negotiated solution over its nuclear program. He met Ahmadinejad in Tehran last week. Russia and China, permanent members of the Security Council which have significant commercial links with Iran, have said they are willing to give Turkey and Brazil more time. Brazil favours a mooted compromise in which Iran could export its uranium to another country in return for higher-enriched fuel for a Tehran research reactor. Iran has so far insisted the exchange must take place on its territory. "The framework set out by the countries (Turkey and Brazil), alongside our own country's recent proposal, has the potential from the perspective of Iran for arriving at a final common point and becoming operational," Mehmanparast said. "At any rate, we believe the efforts being undertaken by friendly countries, such as Turkey and Brazil, can ultimately be positive," he added. (Additional reporting by Thomas Grove in Istanbul; writing by Fredrik Dahl; editing by Myra MacDonald) World Brazil Comments See All Comments (1) | Post Comment May 08, 2010 10:18am EDT Iran confuses me. I understand, and fully support their quest for nuclear energy, and thing we should be doing the same here in America. If this is truly their intent, then why all the hostility? Why would President Ahmadinejad think that making threats, and promises to destroy Israel would help his cause? If Iran had been more diplomatic from the start, they would probably have more support for their nuclear program. The “sword rattling” has caused Iran no small amount of difficulty in my opinion. I get the quest for nuclear weapons. If you don’t have nukes, you are subject to military pressure from other countries. Again, I would have to say the absolute wrong way to pursue this goal is “sword rattling”. Nobody in the world wants a nuclear strike, no matter who launches it, or who it’s against. Another contradiction seems to be that Iran’s nuclear facilities are sized for producting weapons, not energy. Iran has the attitude, and technology of a country pursuing nuclear for weapons. I would love to see the Iranian people benefit from nuclear energy, but who in their right mind can support a nuclear program for a country that promises not only to make weapons with this technology, but to use them? Raskolnikov Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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