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Iran cuts nuclear stockpile, addresses bomb probe issue - IAEA

VIENNA (Reuters) - Iran has sharply reduced its most sensitive nuclear stockpile in implementing an interim pact with world powers and has begun engaging with a long-stalled IAEA investigation into suspected atom bomb research, the U.N. nuclear a...

VIENNA (Reuters) - Iran has sharply reduced its most sensitive nuclear stockpile in implementing an interim pact with world powers and has begun engaging with a long-stalled IAEA investigation into suspected atom bomb research, the U.N. nuclear agency said on Friday.

The findings, in a quarterly report by the International Atomic Energy Agency, are likely to be welcomed by the six powers that are trying to negotiate a long-term deal with Iran on ending a decade-old dispute over its nuclear program.

Iran rejects Western allegations that it has been trying to develop the capability to build nuclear weapons.

The monthly update by IAEA, which has a pivotal role in verifying that Iran is living up to its part of the six-month accord reached in November, made clear that Iran so far is undertaking the agreed steps to curb its nuclear program.

As a result, it is gradually gaining access to some previously blocked overseas funds, under the interim accord that was struck with the United States, Russia, France, Germany, Britain and China in November.

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Under the breakthrough half-year agreement that took effect on January 20, Iran halted some aspects of its nuclear program in exchange for a limited easing of international sanctions that have laid low the major oil producer's economy. It was designed to buy time for talks on a permanent settlement.

The IAEA report showed that Iran since January had acted to reduce its stockpile of higher-grade enriched uranium gas - a relatively short technical step away from weapons-grade material - by more than 80 percent.

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