Iran's parliament approves bill to suspend cooperation with IAEA

Iran's parliament approves bill to suspend cooperation with IAEA

In a significant development, Iran's parliament has approved a bill that aims to suspend the country's cooperation with the International Atomic Energy Agency (IAEA). The move comes amidst escalating tensions between Iran and the international community, particularly following recent military strikes by the United States and Israel on Iranian nuclear facilities [1].

The bill, proposed by Speaker of the Islamic Consultative Assembly Mohammad Baqer Qalibaf, seeks to suspend Iran's cooperation with the IAEA until it receives "objective guarantees" of the agency's professional behavior [2]. This decision was welcomed by members of the Majlis, who cited the IAEA's perceived failures in fulfilling its obligations and its role as a political tool [2].

The bill's approval coincides with an emergency meeting of the IAEA's Board of Governors in Vienna, called by Director General Rafael Grossi in response to the U.S. attacks on Iran's nuclear sites [3]. Grossi emphasized the need for diplomacy to prevent a nuclear accident and the potential collapse of the global non-proliferation regime [3].

The IAEA's role in the conflict has been a contentious issue. Critics argue that the agency has been manipulated by the United States and Israel to justify military action against Iran, despite the IAEA's own conclusion that Iran had no nuclear weapons program [4]. Iran has filed a formal complaint against Grossi with the UN Secretary General and the UN Security Council, alleging that the agency's impartiality has been compromised [4].

The bill's passage and the ongoing diplomatic efforts highlight the complex geopolitical landscape surrounding Iran's nuclear program. Investors and financial professionals should closely monitor these developments, as they may have significant implications for regional stability and global energy markets.

References:
[1] https://economictimes.indiatimes.com/news/international/world-news/israel-iran-conflict-us-attacks-on-iran-iaea-seeks-access-to-iran-nuclear-sites-to-account-for-highly-enriched-uranium-stockpiles/articleshow/122022330.cms
[2] https://www.thehindubusinessline.com/news/world/iaea-calls-emergency-board-meeting-after-us-bombs-iran-nuclear-sites/article69724027.ece
[3] https://www.thehindu.com/news/international/irans-parliament-takes-up-bill-to-end-ties-with-iaea/article69728984.ece
[4] https://countercurrents.org/2025/06/how-the-u-s-israel-used-rafael-grossi-to-hijack-the-iaea-and-start-a-war-on-iran/