Iran warns West it will make its own nuclear fuel

Tehran: Iran is warning it will produce nuclear fuel on its own if there is no deal to have the West deliver the fuel in exchange for Tehran's enriched uranium by the end of January.

Foreign Minister Manouchehr Mottaki told state TV on Saturday the West must "make a decision" whether to accept the Iranian counterproposal to either sell Tehran the fuel or swap it for Iran's enriched uranium.

Mottaki said this is an "ultimatum."

He says the international community "has one month left" to decide - or Tehran will enrich uranium to a higher level, needed for the fuel.

Iran dismissed an end of 2009 deadline on a UN-drafted deal to swap enriched uranium for nuclear fuel. The deal would have reduced Iran's capabilities to make nuclear weapons.