Turkey, Iran And Brazil Agree on Fuel Swap Deal

Turkey's Foreign Minister said on Sunday that an agreement had been reached between Iran, Turkey and Brazil over procedures to revive a stalled UN backed nuclear fuel swap deal.

Brazil's President Luiz Inacio Lula da Silva and Turkish Prime Minister Recep Tayyip Erdogan, in Iran for a summit of non-aligned countries, also held talks on the nuclear issue with Iran's leadership Sunday.

Turkey's foreign ministry said a formal announcement might be made on Monday after any final revisions by the Brazilian and Iranian presidents and the Turkish prime minister.

Iran later said it would only swap its LEU for higher grade material and only on its own soil, conditions other parties in the deal said were unacceptable. It denies seeking to build an atomic bomb.