WEBVTT - Here’s Why Iran’s Unaccounted for Uranium Worries Experts

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news. I'm Stephen Carroll and

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<v Speaker 1>this is Here's Why, where we take one new story

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<v Speaker 1>and explain it in just a few minutes with our

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<v Speaker 1>experts here at Bloomberg.

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<v Speaker 2>Our objective was the destruction of Arrange nuclear and richimid

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<v Speaker 2>capacity and a stop to the nuclear threat posed by

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<v Speaker 2>the world's number one stage sponsor of terror. Tonight, I

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<v Speaker 2>can report to the world that the strikes were a

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<v Speaker 2>spectacular military success.

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<v Speaker 1>It was an unprecedented series of strikes against Iran's nuclear ambitions.

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<v Speaker 1>The United States targeted facilities at four dough, Natanz and

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<v Speaker 1>Isfahan in a thirty seven hour operation that included one

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<v Speaker 1>hundred and twenty five aircraft, submarine launched Tomahawk missiles, and

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<v Speaker 1>fourteen thousand kilogram bombs. While the effectiveness of those strikes

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<v Speaker 1>as still being assessed, they've compounded another problem. The UN's

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<v Speaker 1>nuclear inspectors don't know where Iran's highly enriched uranium is now.

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<v Speaker 3>I'm not so sure. At a time of war, all

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<v Speaker 3>nuclear sites are closed, so our inspectors who are still

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<v Speaker 3>i must say still in Iran, although they are in

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<v Speaker 3>a protected place. As you can imagine, no inspection, normal

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<v Speaker 3>activity can take place.

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<v Speaker 1>That's the head of the International Atomic Energy Agency, Raphael

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<v Speaker 1>Mariano Grossi. So here's why Iran's unaccounted for uranium worries experts.

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<v Speaker 1>Jonathan Turne, who covers nuclear diplomacy for Bloomberg, joins me.

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<v Speaker 1>Now for more, Jonathan, First of all, how much uranium

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<v Speaker 1>does Iran have and how dangerous is it?

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<v Speaker 4>Uran has various stockpiles. The most concerning is the four

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<v Speaker 4>hundred and nine kilograms of highly enriched uranium. That material

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<v Speaker 4>is equivalent to the amount needed to make about ten

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<v Speaker 4>nuclear weapons if it was further enriched to ninety percent.

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<v Speaker 4>That material was last seen a few days before Israel's

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<v Speaker 4>bombing commenced on June thirteenth. It was stored in underground

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<v Speaker 4>tunnels at Isfahan complex. However, Rafael Mariano Grussi, the IEA

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<v Speaker 4>Director General, told us on June eighteenth that his inspectors

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<v Speaker 4>had lost track of that material. They were no longer

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<v Speaker 4>to verify its location. The concerns compounded because even before

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<v Speaker 4>the bombing began, Iranian diplomats had told the IAEA that

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<v Speaker 4>if Israel and he did attack, they would move that

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<v Speaker 4>material to an undeclared location. So at this point we

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<v Speaker 4>don't have any visibility on the inventory of nuclear material

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<v Speaker 4>that was existing at the site before. But we're looking

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<v Speaker 4>at about ten days now of that material being out

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<v Speaker 4>of contact with international verification measures.

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<v Speaker 1>Why is it that we don't know more about where

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<v Speaker 1>it is?

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<v Speaker 4>Well before the bombing began, International Aconomic Energy Agency monitors

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<v Speaker 4>were in Iran every day. The IAEA has two hundred

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<v Speaker 4>and seventy four monitors that are going in and out

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<v Speaker 4>of Iran constantly, So all of that material was under

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<v Speaker 4>what's called safeguards. They're under seal of the IAEA. The

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<v Speaker 4>International community and inspectors were going in and out of

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<v Speaker 4>those facilities inspecting an average at one point four a

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<v Speaker 4>day last year once the bombing began, for obvious reasons,

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<v Speaker 4>because you know, the IAEA is not going to be

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<v Speaker 4>entering onto a site under active attack. You know, once

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<v Speaker 4>the attacks began, you eliminated the ability to verify the

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<v Speaker 4>location of that material. Compounding that problem is that Iran

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<v Speaker 4>had informed the IAEA that if Israel did begin to attack,

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<v Speaker 4>it would remove that material to an undisclosed location, and

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<v Speaker 4>as of yesterday, the Iranians still had not told the

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<v Speaker 4>IAEA where they had put it, and you know, just

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<v Speaker 4>to go a step further, Iranians are also making a

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<v Speaker 4>move to restrict IAEA movements and country going forward. They're

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<v Speaker 4>talking about leaving the Nuclear Non Proliferation Treaty, which is

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<v Speaker 4>the bedrock legal arrangement that imposes IAEA inspections in Iran.

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<v Speaker 4>If Iran bars IAEA or leaves the treaty, then we

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<v Speaker 4>face the potential of losing sight of that four hundred

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<v Speaker 4>and kilograms of highly iriched material that could be quickly

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<v Speaker 4>turned into bomb material for a long time, and that

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<v Speaker 4>questions the metrics of success for the attacks. So while

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<v Speaker 4>there's no doubt that there was a grave damage dealt

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<v Speaker 4>to the above ground facilities, perhaps some of the underground

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<v Speaker 4>in Richmond's facilities, the attacks did not take account of

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<v Speaker 4>the existing inventory of Iran's nuclear material.

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<v Speaker 1>I want to come box the framework in a moment

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<v Speaker 1>that underpins all of this that you mentioned, But how

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<v Speaker 1>far could this uranium have been moved? In theory? How

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<v Speaker 1>easily transport able is.

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<v Speaker 4>This There's a vast body of scientific literature about the

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<v Speaker 4>amount of material that be packed to into a canister

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<v Speaker 4>when it's at that enrichment level because there are safety

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<v Speaker 4>concerns about criticality incidents. Basically, that material is limited to

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<v Speaker 4>a canister about the side of a scuba tank that

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<v Speaker 4>can carry about twenty five kilograms of this highly enriched uranium.

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<v Speaker 4>That means, for all practical purposes, an individual or a

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<v Speaker 4>small vehicle, could you know, carry that out and spirit

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<v Speaker 4>it away to an undisclosed location. The handling requirements of

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<v Speaker 4>enriched uranium are not that complicated. It's only after the

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<v Speaker 4>fuel has been irradiated instead of a reactor or in

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<v Speaker 4>a bomb, that you know you're facing a real radiological risk.

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<v Speaker 4>So this is not a complicated task to bring those

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<v Speaker 4>canisters out and put them into a place that has

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<v Speaker 4>not been declared.

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<v Speaker 1>Let's return to the monitoring that was possible before this

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<v Speaker 1>war erupted. How effective was that system thought to have

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<v Speaker 1>been beforehand.

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<v Speaker 4>There's a very dispute about the declared nuclear material in Iran.

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<v Speaker 4>The IAEA has been keeping track to gram levels of

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<v Speaker 4>this vast volume of enriched material that Iran has and

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<v Speaker 4>less I forget it's not just the four hundred nine

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<v Speaker 4>kilograms of highly enriched uranium. They also have thousands of

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<v Speaker 4>kilograms of lower enriched uranium, So that was never the dispute.

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<v Speaker 4>What was the dispute, and the reason that Iran on

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<v Speaker 4>June twelfth was found in non compliance of its safeguards

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<v Speaker 4>agreements was because the agency had detected trace elements of

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<v Speaker 4>uranium at several locations that had not been declared. Now,

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<v Speaker 4>these trace isotopes that were detected were decades of years old,

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<v Speaker 4>I mean they go back to the early two thousands,

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<v Speaker 4>so this was not a smoking gun, so to speak.

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<v Speaker 4>But the standards of verification are so high at the IAEA,

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<v Speaker 4>not just in Iran but in every country that any

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<v Speaker 4>anomaly prompts an investigation, and the Iranians were not cooperating

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<v Speaker 4>in this investigation. The Iranians considered that their cooperation leading

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<v Speaker 4>into the twenty fifteen nuclear agreement that the US left

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<v Speaker 4>in twenty eighteen had sufficed that it was under no

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<v Speaker 4>obligation to continue cooperating in these old investigations, and they

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<v Speaker 4>were basically stonewalling the IAEA, which then resulted earlier this

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<v Speaker 4>month in this finding give non compliance. But in terms

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<v Speaker 4>of the actual enriched uranium, we've always had a good

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<v Speaker 4>bead on what that inventory actually looks like.

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<v Speaker 1>Okay, well, then I suppose what does the future of

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<v Speaker 1>the Nuclear Non Proliferation Treaty, the structure that underpins all

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<v Speaker 1>of this inspection system, What does the future of that

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<v Speaker 1>framework look like?

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<v Speaker 4>Now, well, that's the good question. And frankly, IAEID Director

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<v Speaker 4>General Raphael Mariano Grossi has been warning about this four

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<v Speaker 4>months because it's been a slow motion train wreck in

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<v Speaker 4>the eyes of people who are paying close attention to this.

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<v Speaker 4>The Iranians have been warning, you know, for at least

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<v Speaker 4>the last year that if this escalates diplomatically, never mind militarily,

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<v Speaker 4>they were prepared to trigger their so called Article ten

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<v Speaker 4>rights under the NPT that would give the IAEA three

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<v Speaker 4>month notice that they were going to be withdrawing from

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<v Speaker 4>that treaty. If they withdraw, that essentially ends IAEA inspections,

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<v Speaker 4>and that is a massively escalatory move in light of

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<v Speaker 4>the conflict we've just witnessed. And let's not forget I mean,

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<v Speaker 4>even in the best case scenario where Iran remains within

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<v Speaker 4>the treaty and inspections continue, it is going to take

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<v Speaker 4>years for the IAEA to re establish a material accountancy baseline.

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<v Speaker 4>There's so much localized chemical and radiological hazards it's going

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<v Speaker 4>to take a while for them even to get back

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<v Speaker 4>on site doing investigations, doing inspections, and once they're in there,

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<v Speaker 4>they're going to have to basically start from point zero

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<v Speaker 4>and rebuilding their data on Iran stockpile. This has caused

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<v Speaker 4>a massively complex challenge to the non proliferation regime.

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<v Speaker 1>Okay and run our nuclear diplomacy reporter. Thank you. For

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<v Speaker 1>more explanations like this from our team of three thousand

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<v Speaker 1>journalists and analysts around the world, go to Bloomberg dot

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<v Speaker 1>com slash explainers. I'm Stephen Carroll. This is Here's why.

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<v Speaker 1>I'll be back next week with more. Thanks for listening.