Great news: Zimbabwe plans to sell yellowcake uranium to Iran

A leaked intelligence report suggests Iran will be awarded with exclusive access to Zimbabwe’s uranium in return for providing the country with fuel.

Experts say the move contradicts Iran’s claim that it now has enough domestic uranium supplies to sustain its nuclear energy ambitions. They say Zimbabwe’s defiance of sanctions and its support for the pariah state will scare those considering investing in its economy, which is only just starting to recover after years of hyperinflation.

The report – compiled by the United Nations’ nuclear watchdog – said Iran’s Foreign and Co-operative Ministers had visited Zimbabwe to strike a deal, and sent engineers to assess uranium deposits.