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World|business|April 18, 2014 / 05:12 PM
Iran has cut higher-enriched uranium stock by half

AKIPRESS.COM - enriched-uranium-orange-lg Iran has neutralised half of its higher-enriched uranium stockpile, as per a deal agreed earlier this year, the world's nuclear watchdog says.

The International Atomic Energy Agency has been checking Iran's adherence to the deal, struck with six world powers.

The US has authorised the release of $450m (£270m) in frozen Iranian funds following the IAEA's latest findings.

Iran agreed to curb its uranium enrichment in return for partial sanctions relief in November.

The six world powers, known as the P5+1, fear Iran's enriched uranium could be used to make a nuclear bomb.

Iran says its nuclear work is peaceful, BBC News reported.

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