Iranian President Hassan Rouhani said Tehran will back off from more commitments under the 2015 nuclear deal and will raise uranium enrichment level if its economic interests under the JCPOA in the oil and banking sectors are not fulfilled within 60 days.

Speaking at a cabinet session on Wednesday, Rouhani said the five remaining parties to the Joint Comprehensive Plan of Action (JCPOA) -Russia, China, Britain, France, and Germany- have been informed of Iran’s decision to refuse to continue honoring two commitments under the deal.

If Iran does not achieve the desired results after 60 days, it will take two more measures and stop observing the limit on uranium enrichment to 3.67 percent purity, Rouhani added.

The Iranian president said Iran will also make a new decision about its Arak heavy water reactor, which was planned to be renovated with the participation of the JCPOA parties, after the 60-day deadline.

Rouhani also threatened that Iran will take a "decisive measure" if the JCPOA parties would intend to send Iran’s nuclear case to the UN Security Council.

"We will not start breaching commitments and waging any war, but we will not give in to bullying, either, and will give a decisive response to any aggressor," he said.

Rouhani underscored that Iran would not pay the costs of the JCPOA alone and that all parties have to bear the burden if the nuclear deal is to serve the global and regional peace and security.

Iranian president threatened the JCPOA parties that Tehran will have to halt cooperation in the war on drugs and in preventing the influx of refugees if the other parties stand idle and only seek to benefit from the nuclear agreement. (ILKHA)