Conversations about Iran's uranium enrichment program are back on the table following a meeting in late September between Iran and the P5+1 group of nations (the UK, US, France, China, Russia and Germany) in New York. The Islamic country's uranium enrichment program was first introduced in 2002 and since then has been the reason behind debilitating western sanctions imposed on Iran. In the renewed discussions, Iran has said that its intentions with the nuclear program are peaceful and aimed at generating electricity and producing radio isotopes to treat cancer patients. Iranian President Hassan Rouhanistated that Iran "has nothing to hide," pledging that it will "keep doors of our nuclear facilities open to IAEA inspection." Rouhani was open to discussing the details of its nuclear activities, however he maintained that "Iran's enrichment right is not negotiable but we must enter into talks to see what would the other side proposes to us about the details." Even so, concerns that a nuclear program in Iran could lead to weaponization continue to plague world leaders.The most vocal opposer has been Israel's prime minister, Benjamin Netanyahu, who urged US President Barack Obama to keep the sanctions on Iran in place.a"If diplomacy is to work, those pressures must be kept in place," Netanyahu told the president during an Oval Office meeting. For the most part, the United States has not changed its stance on Iran's nuclear ambitions. Further negotiations on the subject are slated to take place in mid-October in Geneva. Uranium prices fail to impress With the last quarter of 2013 upon us, uranium prices are still failing to impress investors. Uranium consultancy firm UxC reported that on September 30, uranium spot prices sat at $35 per pound of U3O8, a $0.15 decrease from the previous week's figure. Competing uranium price and analysis firm TradeTech concluded that although uranium spot prices picked up in the last week of September, market players either concluded or decided to postpone their buying.