The comments by Behrouz Kamalvandi of the Atomic Energy Organization of Iran signal a further cut into the one year experts estimate Tehran would need to have a enough material for building a nuclear weapon if it chose to pursue one. Iran maintains its program is peaceful.
Iranian regime already has breached the stockpile and enrichment level limits set by the deal, while stressing it could quickly revert back to the terms of the accord if Europe finds a way for it to sell its crude oil abroad despite crushing US sanctions. However, questions likely will grow in Europe over Iran's intentions as satellite photos obtained by The Associated Press on Saturday showed an once-detained oil tanker Tehran reportedly promised wouldn't go to Syria was off its coast.
Tensions between Iran and the US have risen in recent months, with mysterious attacks on oil tankers near the Strait of Hormuz, Iran shooting down a US military surveillance drone and other incidents across the wider Middle East.
"Our stockpile is quickly increasing," Kamalvandi warned in a news conference. "We hope they will come to their senses."
The accord saw Iran limits its enrichment of uranium in exchange for sanctions relief. Among the limitations was a requirement that Iran use only 5,060 first-generation IR-1 centrifuges. A centrifuge is a device that enriches uranium by rapidly spinning uranium hexafluoride gas.
Today, Iran has begun using an array of 20 IR-6 centrifuges and another 20 of IR-4 centrifuges, Kamalvandi said. An IR-6 can produce enriched uranium 10 times as fast as an IR-1, Iranian officials say, while an IR-4 produces five times as fast.
Iran already has increased its enrichment up to 4.5%, above the 3.67% allowed under the deal. Using advanced centrifuges means a shorter time would be needed to push up its enrichment.
Kamalvandi said Iran had the ability to go beyond 20% enrichment of uranium. Experts say 20% is just a short technical step away from weapons-grade levels of 90% enrichment.
While Kamalvandi stressed that "the Islamic Republic is not after the bomb," he warned that Iran was running out of ways to stay in the accord.
"If Europeans want to make any decision, they should do it soon," he said.
Kamalvandi also said Iran would allow UN inspectors to continue to monitor sites in the country. A top official from the UN's International Atomic Energy Agency was expected to meet with Iranian officials in Tehran on Sunday.
Kamalvandi made the remarks in a news conference carried on live television. He spoke from a podium with advanced centrifuges standing next to him.
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