(CNBC) — DUBAI — Iran will surpass the internationally agreed limit on its low-enriched uranium stockpiles in 10 days, the country’s atomic energy body said Monday.

A spokesperson for the Iranian Atomic Energy Organization said that the country would increase enrichment levels to 20% — significantly closer to weapons-grade material — for use in local reactors, but emphasized that Europe still had a chance to rescue the 2015 nuclear deal if its remaining signatories found a way to shield the Islamic Republic from the crippling effect of U.S. economic sanctions.

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