Iran's uranium ultimatum to West

Iran gave the West a one-month "ultimatum" to accept a uranium swap, warning that if there is no deal it will produce its own nuclear fuel for a Tehran reactor, state television reported.

"The international community has just one month left to decide" whether or not it will accept Iran's conditions, otherwise "Tehran will enrich uranium to a higher level", Foreign Minister Manouchehr Mottaki was quoted as saying. "This is an ultimatum," he said.

Iran, which rejected a December 31 deadline to accept a UN-brokered deal, said earlier it is ready to swap its low-enriched uranium for nuclear fuel, insisting however that the exchange should happen in stages.

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