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Edition: U.S. Article Comments (6) Video Save Email Print Reprints Most Popular Most Shared China PLA officers urge economic punch against U.S. 09 Feb 2010 Snow, wind batter East Coast in big 2nd storm 3:04pm EST Senate jobs bill extends Medicare payment rates -text 09 Feb 2010 Google plans experiment to offer superfast Web 2:05pm EST Honda expands airbag recall as more Toyotas probed | Video 3:14pm EST China PLA officers urge economic punch against U.S. 09 Feb 2010 Study toasts beer as being good for your bones 09 Feb 2010 Does "thinking outside the box" drive you mad? 9:12am EST Google plans experiment to offer superfast Web 2:05pm EST Inside Toyota's epic breakdown 09 Feb 2010 Iran says nuclear fuel deal "still on the table" Fredrik Dahl TEHRAN Wed Feb 10, 2010 1:49pm EST Related News Iran court cuts jail term for U.S.-Iranian scholar 1:27pm EST Iran says makes arrests before revolution day rally 1:27pm EST Related Video Obama talks Iran sanctions Tue, Feb 9 2010 Iranian President Mahmoud Ahmadinejad gestures while speaking during the opening ceremony of the 2nd National Festival of Innovation and Prosperity in Tehran, February 8, 2010. Credit: Reuters/Morteza Nikoubazl TEHRAN (Reuters) - Iran believes a nuclear fuel exchange with the West is still possible, state television said on Wednesday, a day after the Islamic Republic's escalation of uranium enrichment drew a U.S. warning of more sanctions soon. World "The deal is still on the table," Ali Akbar Salehi, head of Iran's Atomic Energy Organization, said on English-language Press TV. But he reiterated Iran's demand for a simultaneous fuel swap on its soil -- a likely non-starter for Western powers who want Tehran to send most of its low-enriched uranium abroad before it gets higher-grade fuel for a medical research reactor in return. Salehi said Iran's uranium could be sealed and under the "custody" of the U.N.'s International Atomic Energy Agency (IAEA) in the country, until it receives reactor fuel. Iran decided to step up enrichment after a failure to agree terms for the exchange, under which it would have sent the bulk of its low-enriched uranium abroad in return for 20-percent-pure fuel rods for a Tehran reactor producing medical isotopes. The reactor is due to run out of such fuel later this year. Iran on Wednesday rejected a U.S. offer to supply it with medical isotopes if it stopped further enrichment of uranium, state television reported. U.S. officials said this week Washington was prepared to help Iran obtain medical isotopes from third-country sources. For world powers and the U.N. nuclear watchdog, the swap's attraction lies in preventing Iran from retaining enough of the material for a nuclear weapon, if it were refined to 90 percent. Iran has until now limited its enrichment to 3.5 percent, but refining to low levels is the most technically challenging and time consuming stage of the process. Scaling the enrichment ladder above 20 percent can be done in months. A confidential memo from IAEA chief Yukiya Amano obtained by Reuters said inspectors were seeking clarifications including technical details from Iran on its higher-grade nuclear work. U.S. President Barack Obama said on Tuesday the international community was moving "fairly quickly" toward imposing broader sanctions on Iran. Obama said Iran's refusal to accept a U.N.-brokered atomic fuel swap agreement suggested it was intent on trying to build nuclear weapons, despite its insistence its atomic activities were only for the generation of electricity. Russian Deputy Foreign Minister Sergei Ryabkov told Itar-Tass news agency the drawing up of further sanctions had become more "relevant" because of Iran's swing toward higher-grade enrichment. But he also said sanctions were not a panacea and complained that Western powers were leaning on Moscow to support them. MEDICAL CARE Salehi said Iran would stop producing 20 percent enriched uranium if it received reactor fuel from abroad instead. But he made clear Tehran was not backing down on its demand for a simultaneous exchange, a condition unlikely to be accepted by the major powers involved in efforts to find a diplomatic solution to the long-running dispute. "The uranium can be under the custody of the agency (IAEA) in Iran and it could be sealed ... until the time we receive the 20 percent enriched fuel from outside," Salehi said. "If they come forward and supply the fuel then we will stop this process of 20 percent enrichment," he added. Press TV quoted Salehi as saying Iran had decided to produce higher-grade uranium because Western nations refused to supply the fuel Iran needs for its medical reactor. It said the reactor produces isotopes "crucial for life saving medical care to more than 850,000 Iranian patients." Glyn Davis, U.S. envoy to the IAEA, said Iran continued to portray its move as "humanitarian" but instead it was putting lives at risk because, unlike foreign suppliers, Iran would not be able to replenish the reactor fuel's stock before it ran out. Possible targets for any new sanctions include Iran's central bank, the Revolutionary Guards, who Western powers say are key to Iran's nuclear program, shipping firms and its energy sector, Western diplomats say. The U.S. Treasury Department on Wednesday imposed sanctions against four subsidiaries and the commander of the construction arm of Iran's Islamic Revolutionary Guards Corps. [nN10166287] The action, which extends earlier sanctions against the Revolutionary Guards and its Khatam al-Anbiya Construction Headquarters, bans U.S. transactions with the newly designated firms and aims to freeze any assets they may have under U.S. jurisdiction. (Additional reporting by Mark Heinrich in Vienna; Editing by Janet Lawrence) World Comments See All Comments (6) | Post Comment Feb 10, 2010 3:38am EST the UN should charge muslims with inciting hatred and discrimination against non-muslims,,, islamic apartheid,,, The Evils of Islamic Political Ideology: Oppression of non-Muslims http://www.rightsidenews.com/200906014988/homeland-security/the-evils-of-islamic-political-ideology-oppression-of-non-muslims.html wrongatlarge Report As Abusive Feb 10, 2010 10:40am EST i think this is good thaat the un is doing this to them we all know that iran is going to try and blow someone up the un security is just acting before the iranians do something stupid and hurt lots and lots of people JKG Report As Abusive Feb 10, 2010 12:15pm EST wrongatlarge – Its scary when the commentary becomes crazier than the so-called crazy guys the story is about. Please up your medication before you hurt somebody or hurt yourself. JKG – Can you give me an example of when Iran has done something stupid in the past that hurt lots and lots of people? Critical1 Report As Abusive Feb 10, 2010 12:35pm EST The bluffs continue. Politics usually succeeds due to its paralyzing nature and inherent bureaucratic process. In this case it has failed. The Iranians are not paralyzed and they are actively pursuing their goal while the west remains inactive. SeaWa Report As Abusive Feb 10, 2010 1:48pm EST Something will soon happen to make people in the usa forget all about healthcare and joblessness. Anna123 Report As Abusive Feb 10, 2010 2:02pm EST Its a diplomatic bargaining chip—and nothing more. The fear mongers would have you think otherwise. Critical1 Report As Abusive See All Comments (6) Add a Comment More from Reuters Bernanke lays out vision for Fed monetary exit WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so. Strike disrupts Greece but public backs reforms | Video Euro zone in intense talks on Greek rescue | Video Google plans experiment to offer superfast Web Honda expands airbag recall as more Toyotas probed | Video Obama doesn't "begrudge" Dimon, Blankfein over pay » More Top News Did Toyota miss red flags? Details about Toyota's epic recall have raised questions about whether consumer complaints were misread or ignored. Full Article | Slideshow Special Report: Inside the Toyota failure Paying the price of a broken reputation Poll: Would you buy a Toyota? Autos Google targets speed Can you imagine your Internet connection running 100 times faster than right now? Google can ... Full Article | Quote Buzz challenges Facebook, Twitter Chinese artist-dissident lauds Google Technology © 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.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal EVCJ International Financing Review International Securitisation Report 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. 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