The International Atomic Energy Agency (IAEA) said that Iran was standing by its international commitments concerning its nuclear program, even as talks to reach a final deal were extended beyond an initial July 20 deadline.

The International Atomic Energy Agency (IAEA) said that Iran was standing by its international commitments concerning its nuclear program, even as talks to reach a final deal were extended beyond an initial July 20 deadline.

In its latest report on Monday, the UN atomic agency said Iran has diluted its entire stock of medium-enriched uranium as required under a November deal with world powers.

As agreed under a Joint Plan of Action reached in November, the Islamic Republic has cut half of its stock of 20-percent enriched uranium down to five-percent purity.
The rest was being converted into uranium oxide.

Tehran also refrained from enriching above the five-percent level at any of its nuclear facilities, the IAEA report said.

Iran and world powers have been trying to reach a crucial nuclear deal to alleviate international fears that Tehran is seeking a nuclear weapon.

Early Saturday, they agreed to give themselves four more months after marathon talks in Vienna.

Iran has always insisted its nuclear program was solely for peaceful purposes, arguing that uranium must be enriched to 90 percent to make an atomic bomb.

Under the November interim deal, Iran and the five permanent members of the UN Security Council plus Germany agreed that Tehran would freeze certain nuclear activities for six months in return for some sanctions relief.