JCPOA
Joint Comprehensive Plan of Action
Joint Comprehensive Plan of Action (JCPOA), 2015 Iran nuclear deal limiting enrichment in exchange for sanctions relief; US withdrew 2018.
Capped Iran's low-enriched uranium at 300 kg, centrifuges at 5,060; monitored by IAEA. Post-withdrawal, Iran enriched to 60% purity. Talks stalled 2024.
Why it matters now
Revival uncertainty affects 2025-2026 uranium markets; potential compliance could free enrichment capacity amid Russian ban and SMR ramp-up.