IRAN-NUCLEAR 2 LST

They had offered to mediate to find a resolution to
the impasse at a time when world powers are in talks to impose
a fourth round of UN sanctions on Iran.
Lula and Erdogan held joint negotiations with Iranian
official in what western and Russian authorities have
maintained was last chance to avoid new UN sanctions against
Iran.
The agreement, reached after 18-hour-long talks, may
frustrate US efforts to step up sanctions against the Islamic
Republic.
There is "no ground anymore for new sanctions
(against Iran)," Turkish Foreign Minister Ahmet Davutoglu said
at the joint news conference with his Iranian and Brazalian
counterpart.
He said Turkey will treat the Iranian uranium as
"amanat" and "will protect it in our state like our own
property".
Brazilian Foreign Minister Celso Amorim said the
agreement should "satisfy" international community that no
further sanctions are required.
Iran now wants to hold talks with the US, Russia,
France and the IAEA about its new deal.
Ahmadinejad called on six world powers, which have
been discussing further UN sanctions on the major oil
producer, for fresh talks on Iran's nuclear programme in light
of the fuel exchange agreement.
"Following the signing of the nuclear fuel swap deal,
it is time for 5+1 countries to enter talks with Iran based on
honesty, justice and mutual respect," Ahmadinejad said,
referring to the five permanent UN Security Council members
and Germany.
Russia and France had earlier offered to enrich
uranium for Iran but the country was reluctant to allow its
stockpile of uranium to leave its soil before receiving the
nuclear fuel, saying that the exchange must take place
simultaneously inside the country.
It also appears Iran has dropped an earlier demand for
the fuel exchange to happen in stages, rather than providing
its material in a single batch.
A letter will be sent to the IAEA within a week to
pave the way for a final agreement, it was announced at the
news conference.
A month after the final agreement, the uranium —
currently enriched to a level of 3.5 per cent — would be sent
to Turkey, where it would be stored under IAEA and Iranian
supervision.
The fuel rods would contain material process to just
under 20 per cent. Enrichment of 90 per cent is needed to
produce material for nuclear warheads. PTI