Kazakhstan offers to store Iran's uranium
Analysis based on 6 articles · First reported May 29, 2026 · Last updated May 30, 2026
The potential nuclear deal between the United States and Iran, with Kazakhstan's offer to store uranium, could significantly reduce geopolitical tensions in the Middle East. This could lead to increased stability in oil markets due to the potential reopening of the Strait of Hormuz and a decrease in the perceived risk of conflict involving Iran.
Kazakhstan has offered to take custody of Iran's uranium stockpile, enriched to 60 percent purity, if the United States and Iran reach a deal on Tehran's nuclear program. This offer was conveyed by International — International Atomic Energy Agency chief Rafael Grossi after meeting Kazakh President Kassym-Jomart Tokayev. The fate of Iran's 440kg of highly enriched uranium is a major sticking point in back-channel talks between the United States and Iran, with US President Donald Trump demanding its transfer or destruction. Kazakhstan is considered a viable option due to its existing International — International Atomic Energy Agency-controlled low-enriched uranium bank. While a memorandum of understanding has reportedly been reached, Donald Trump's approval is still pending. The deal aims to extend a ceasefire, reopen the Strait of Hormuz, and lay the groundwork for further nuclear program talks. The International — International Atomic Energy Agency has historically monitored Iran's nuclear program, but cooperation diminished after Donald Trump abandoned the 2015 nuclear deal.
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