The International Atomic Energy Agency confirmed that Iran has breached the JCPOA limit.

An IAEA spokesperson issued a statement saying: “We can confirm that IAEA Director General Yukiya Amano has informed the Board of Governors that the Agency verified on 1 July that Iran’s total enriched uranium stockpile exceeded (the deal’s limit).”

According to Reuters, based on a report sent by the IAEA to its members, Iran’s stockpile is currently 205 kg of 3.67 grade enriched uranium, but the limit set by the accord is 202.8 kg.

Earlier on Monday, Mohammad Javad Zarif, the Islamic Republic’s minister of foreign affairs announced that the Islamic Republic has exceeded its 300kg overall limit for uranium enrichment.

Iran had issued an ultimatum two months ago, saying if the U.S sanctions against Iran are still in place in 60 days, Iran will exceed its limit for uranium enrichment.

The three European signatories of the nuclear accord, France, Britain, and Germany, were trying to change Iran’s decision by creating a new trade channel between EU and Iran for non-sanctioned goods such as food and medical equipment, known as the INSTEX. But the Iranian officials emphasized that they must be allowed to sell oil through INSTEX.

According to Zarif: “Not only the Europeans did not keep to their promises, but even the initial step to comply with their commitments is taking almost 14 months to become operational."

The spokesperson for Iran’s foreign ministry, Abbas Mousavi, also said on Monday: “From what we see and what has been reported about this trading vehicle, this is not what the Islamic Republic wanted and demanded.”

Mousavi warned that the Europeans have “almost 10 days” to “make INSTEX operational”. He clarified: “If Europe does not take a meaningful step by then, Iran will take the second step (Higher level of enrichment).”