Trump says Iran 'slowwalking' as Khamenei opposes nuclear proposal
US President Donald Trump accused Tehran on Wednesday of "slowwalking" on a nuclear deal, after Iran's supreme leader Ayatollah Ali Khamenei said the latest proposal from Washington was against the national interest.
The longtime foes have held five rounds of talks since April to thrash out a new accord to replace the deal with major powers that Trump abandoned during his first term in 2018, but sharp differences remain over whether Tehran can continue to enrich uranium.
On Saturday, Iran said it had received "elements" of the US proposal through Omani mediators, the details of which have not been publicly disclosed.
"The proposal presented by the Americans is 100 percent against" notions of independence and self-reliance, Khamenei said in a televised speech, invoking ideals of the 1979 Islamic revolution.
"Independence means not waiting for the green light from America and the likes of America."
Iran's enrichment of uranium has emerged as a major point of contention.
Trump said on Monday his administration would not allow "any" enrichment, despite Tehran's insistence it is its right under the nuclear non-proliferation treaty.
In a post on Truth Social on Wednesday, Trump said he spoke with Russian President Vladimir Putin who "suggested that he will participate in the discussions with Iran".
"It is my opinion that Iran has been slowwalking their decision on this very important matter, and we will need a definitive answer in a very short period of time!" Trump said.
- Low-level enrichment -
Khamenei said enrichment is "key" to Iran's nuclear programme and that the United States "cannot have a say" on the issue.
"If we have 100 nuclear power plants but don't have enrichment, they will be of no use to us," because "nuclear power plants need fuel" to operate, he said.
The New York Times reported Tuesday that the US proposal includes "an arrangement that would allow Iran to continue enriching uranium at low levels" as the US and other countries "work out a more detailed plan intended to block Iran's path to a nuclear weapon".
It said the proposal would see the United States facilitating "the building of nuclear power plants for Iran and negotiate the construction of enrichment facilities managed by a consortium of regional countries".
Iran has previously said it is open to temporary limits on its enrichment of uranium, and is willing to consider the establishment of a regional nuclear fuel consortium.
But it has stressed that such a consortium is "in no way intended to replace Iran's own uranium enrichment programme".
Iran's chief negotiator, Foreign Minister Abbas Araghchi, said in a Wednesday post on X: No enrichment, no deal. No nuclear weapons, we have a deal."
Iran currently enriches uranium to 60 percent, far above the 3.67-percent limit set in the 2015 deal but still short of the 90 percent threshold needed for a nuclear warhead.
- 'Less than satisfactory' -
The UN nuclear watchdog, the International Atomic Energy Agency, said in its latest quarterly report last week that Iran had further stepped up its production of highly enriched uranium.
In a separate report, it also criticised "less than satisfactory" cooperation from Tehran, particularly in explaining past cases of nuclear material found at undeclared sites.
The reports came ahead of a planned IAEA Board of Governors meeting in Vienna later this month which will review Iran's nuclear activities.
Washington and other Western governments have continued to accuse Iran of seeking a nuclear weapons capability. Iran insists its programme is for peaceful purposes only.
The 2015 deal provided Iran with relief from international sanctions in return for UN-monitored restrictions on its nuclear activities.
Trump reimposed US sanctions when he quit the agreement in 2018 and has since tightened them with secondary sanctions against third parties who violate them.
Britain, France and Germany, the three European countries who were party to the 2015 deal, are currently weighing whether to trigger the sanctions "snapback" mechanism in the accord.
The mechanism would reinstate UN sanctions in response to Iranian non-compliance -- an option that expires in October.
Iran has criticised the IAEA report as unbalanced, saying it relied on "forged documents" provided by its arch foe Israel.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

ABC News
20 minutes ago
- ABC News
The US dollar's demise has consequences for Australia
"I'll tell you, he's not the first," Donald Trump told reporters in the Oval Office. The US president was referring to Elon Musk's personal attacks towards himself on social media after being asked to leave his administration. "People leave my administration — and they love us — and then, at some point, they miss it so badly, and some of them embrace it, and some actually become hostile." This sort of language could be perceived as unpresidential. As is the phrasing of Trump's so-called "Big Beautiful Bill" — the name given to Trump's budget reconciliation bill that's expected to lead to both a lower tax take, and an increase in the US debt ceiling. It was perhaps, though, the so-called "Liberation Day" tariffs that did the most damage to the Trump administration's reputation within the finance community. Combined, it's led the financial community to question the stewardship of the US economy. And that has important implications for all Australians. It's impossible to dig into every confusing hole of US public policy that's produced anxiety in financial markets. Instead, let's focus on one word that's continuing to unsettle global investors which, in turn, could be hurting the reputation of the world's largest economy. It's "uncertainty". As one trader put it to me this week: "It's like investors are parked on the side of the road waiting patiently, in the cold, for the fog to lift from the highway." AMP's Shane Oliver helps manage billions of dollars for the superannuation giant. "President Trump's tariffs remain a source of ongoing uncertainty," he says. Just in the last two weeks, Trump announced a 25 per cent tariff on smart phones and threatened a 50 per cent tariff on European goods from June, then delayed it until July 9. And this is where concerns around the US dollar's longer-term trajectory come in. The US dollar is inextricably linked to the quality of the US government debt. Oliver is concerned the US government is careening toward a debt crisis. "Higher bond yields since the pandemic have pushed US federal interest payments to a record 18 per cent of tax revenue," he says. Higher US government bond yields, or debt, points to rising nerves about the US government's fiscal position. The US dollar index, which is a measure of the US dollar's value against a basket of currencies, hit a three-year low this week If, as Oliver suggests, the US dollar is losing its post-World War II safe haven status, it will continue to decline in value. "It's possible that the US dollar is losing its 'safe haven' status that could see it fall rather than go up in a crisis." Oliver is referring here to the potential for a US debt crisis. "This means the Australian dollar may behave a bit less as a shock absorber in a crisis by not falling as much as would normally be the case," he says. "Time will tell, but if this is the case then more of the burden could fall on the RBA to help protect the economy in rough times by cutting interest rates by more." This is potentially a double win for many Australians. It could make overseas travel less expensive as the Australian dollar appreciates against the greenback. There could also be further relief for mortgage borrowers as the Reserve Bank lowers interest rates to counterbalance rising global interest rates. But it would be a blow for export-exposed industries, who are hit with a potential double-whammy of falling global demand and a less competitive exchange rate. Others view the US economy, and its international reputation as largely untouchable. "I cannot see a world where the US dollar is not the reserve currency of global flows," Jamieson Coote Bond's James Wilson says. However, as InTouch Capital Markets senior analyst Sean Callow points out, other currencies like the yuan and the euro are keen to move towards the top of the currency podium. "The greenback seems likely to remain dominant in global trade in commodities and many financial contracts, where deep market liquidity is precious," Callow says. "But just as the US relationship with Europe will probably never be the same, the euro is becoming more attractive as a reserve currency, largely at the dollar's expense." It's a rocky road for global financial markets and most are treading very carefully. The uncertainty stems from US economic policy confusion and chaos, which may not go unpunished by investors. Though there is potential for significant upsides for many Australians.

AU Financial Review
an hour ago
- AU Financial Review
For sale: One red Tesla, once belonging to the president
For sale at the White House: one bright red Tesla Model S. Should run fine; the owner just seems to have had buyer's remorse. Less than 24 hours after President Donald Trump and Elon Musk engaged in a rancorous public spat, Trump has decided to sell the red Tesla he got in March, according to a White House official speaking on the condition of anonymity because the person wasn't authorised to speak publicly.


The Advertiser
2 hours ago
- The Advertiser
US job growth cools in May amid tariff woes
US job growth slowed in May amid uncertainty about the Trump administration's import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the Federal Reserve to delay resuming its interest rate cuts. The ebbing labour market momentum reported by the Labor Department on Friday was underscored by sharp downward revisions that showed 95,000 fewer jobs were added in March and April than previously estimated over the two month period. The unemployment rate held steady at 4.2 per cent for the third consecutive month because 625,000 people dropped out of the labour force, suggesting a lack of confidence in the jobs market and offsetting a decline in household employment. Recent surveys have pointed to consumers becoming less optimistic about their prospects of finding a job in the event of being laid off. Economists say President Donald Trump's flip-flopping on import tariffs has hampered businesses' ability to plan ahead and hire more workers. Opposition to Trump's tax-cut and spending bill from conservative Republicans in the US Senate and tech billionaire Elon Musk has added another layer of uncertainty for companies. "The Labour market continues to slow steadily, but the sky is not falling," said Olu Sonola, head of US economic research at Fitch Ratings. "Given the backdrop of trade policy uncertainties, the Fed will be relieved with this report. The tariff landscape is still very uncertain." Nonfarm payrolls increased by 139,000 jobs last month after a downwardly revised rise of 147,000 in April, the Labor Department's Bureau of Labor Statistics said. Economists polled by Reuters had expected the survey of establishments to show 130,000 jobs added after a previously reported rise of 177,000 in April. The payrolls count for March was slashed by 65,000 to 120,000. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. That number could drop as Trump has revoked the temporary legal status of hundreds of thousands of migrants as part of his administration's immigration crackdown. Much of the job growth this year reflects worker hoarding by businesses, anchoring the labour market and economy through higher wages. Average hourly earnings increased 0.4 per cent after gaining 0.2 per cent in April. In the 12 months through May, wages rose 3.9 per cent, matching April's advance. US stocks opened higher. The dollar gained against a basket of currencies. US Treasury yields rose. Employers' reluctance to lay off workers could keep the US central bank on the sidelines until the end of the year. Financial markets expect the Fed will leave its benchmark overnight interest rate unchanged in the 4.25-4.50 per cent range at a policy meeting later this month, before resuming its policy easing in September. US job growth slowed in May amid uncertainty about the Trump administration's import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the Federal Reserve to delay resuming its interest rate cuts. The ebbing labour market momentum reported by the Labor Department on Friday was underscored by sharp downward revisions that showed 95,000 fewer jobs were added in March and April than previously estimated over the two month period. The unemployment rate held steady at 4.2 per cent for the third consecutive month because 625,000 people dropped out of the labour force, suggesting a lack of confidence in the jobs market and offsetting a decline in household employment. Recent surveys have pointed to consumers becoming less optimistic about their prospects of finding a job in the event of being laid off. Economists say President Donald Trump's flip-flopping on import tariffs has hampered businesses' ability to plan ahead and hire more workers. Opposition to Trump's tax-cut and spending bill from conservative Republicans in the US Senate and tech billionaire Elon Musk has added another layer of uncertainty for companies. "The Labour market continues to slow steadily, but the sky is not falling," said Olu Sonola, head of US economic research at Fitch Ratings. "Given the backdrop of trade policy uncertainties, the Fed will be relieved with this report. The tariff landscape is still very uncertain." Nonfarm payrolls increased by 139,000 jobs last month after a downwardly revised rise of 147,000 in April, the Labor Department's Bureau of Labor Statistics said. Economists polled by Reuters had expected the survey of establishments to show 130,000 jobs added after a previously reported rise of 177,000 in April. The payrolls count for March was slashed by 65,000 to 120,000. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. That number could drop as Trump has revoked the temporary legal status of hundreds of thousands of migrants as part of his administration's immigration crackdown. Much of the job growth this year reflects worker hoarding by businesses, anchoring the labour market and economy through higher wages. Average hourly earnings increased 0.4 per cent after gaining 0.2 per cent in April. In the 12 months through May, wages rose 3.9 per cent, matching April's advance. US stocks opened higher. The dollar gained against a basket of currencies. US Treasury yields rose. Employers' reluctance to lay off workers could keep the US central bank on the sidelines until the end of the year. Financial markets expect the Fed will leave its benchmark overnight interest rate unchanged in the 4.25-4.50 per cent range at a policy meeting later this month, before resuming its policy easing in September. US job growth slowed in May amid uncertainty about the Trump administration's import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the Federal Reserve to delay resuming its interest rate cuts. The ebbing labour market momentum reported by the Labor Department on Friday was underscored by sharp downward revisions that showed 95,000 fewer jobs were added in March and April than previously estimated over the two month period. The unemployment rate held steady at 4.2 per cent for the third consecutive month because 625,000 people dropped out of the labour force, suggesting a lack of confidence in the jobs market and offsetting a decline in household employment. Recent surveys have pointed to consumers becoming less optimistic about their prospects of finding a job in the event of being laid off. Economists say President Donald Trump's flip-flopping on import tariffs has hampered businesses' ability to plan ahead and hire more workers. Opposition to Trump's tax-cut and spending bill from conservative Republicans in the US Senate and tech billionaire Elon Musk has added another layer of uncertainty for companies. "The Labour market continues to slow steadily, but the sky is not falling," said Olu Sonola, head of US economic research at Fitch Ratings. "Given the backdrop of trade policy uncertainties, the Fed will be relieved with this report. The tariff landscape is still very uncertain." Nonfarm payrolls increased by 139,000 jobs last month after a downwardly revised rise of 147,000 in April, the Labor Department's Bureau of Labor Statistics said. Economists polled by Reuters had expected the survey of establishments to show 130,000 jobs added after a previously reported rise of 177,000 in April. The payrolls count for March was slashed by 65,000 to 120,000. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. That number could drop as Trump has revoked the temporary legal status of hundreds of thousands of migrants as part of his administration's immigration crackdown. Much of the job growth this year reflects worker hoarding by businesses, anchoring the labour market and economy through higher wages. Average hourly earnings increased 0.4 per cent after gaining 0.2 per cent in April. In the 12 months through May, wages rose 3.9 per cent, matching April's advance. US stocks opened higher. The dollar gained against a basket of currencies. US Treasury yields rose. Employers' reluctance to lay off workers could keep the US central bank on the sidelines until the end of the year. Financial markets expect the Fed will leave its benchmark overnight interest rate unchanged in the 4.25-4.50 per cent range at a policy meeting later this month, before resuming its policy easing in September. US job growth slowed in May amid uncertainty about the Trump administration's import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the Federal Reserve to delay resuming its interest rate cuts. The ebbing labour market momentum reported by the Labor Department on Friday was underscored by sharp downward revisions that showed 95,000 fewer jobs were added in March and April than previously estimated over the two month period. The unemployment rate held steady at 4.2 per cent for the third consecutive month because 625,000 people dropped out of the labour force, suggesting a lack of confidence in the jobs market and offsetting a decline in household employment. Recent surveys have pointed to consumers becoming less optimistic about their prospects of finding a job in the event of being laid off. Economists say President Donald Trump's flip-flopping on import tariffs has hampered businesses' ability to plan ahead and hire more workers. Opposition to Trump's tax-cut and spending bill from conservative Republicans in the US Senate and tech billionaire Elon Musk has added another layer of uncertainty for companies. "The Labour market continues to slow steadily, but the sky is not falling," said Olu Sonola, head of US economic research at Fitch Ratings. "Given the backdrop of trade policy uncertainties, the Fed will be relieved with this report. The tariff landscape is still very uncertain." Nonfarm payrolls increased by 139,000 jobs last month after a downwardly revised rise of 147,000 in April, the Labor Department's Bureau of Labor Statistics said. Economists polled by Reuters had expected the survey of establishments to show 130,000 jobs added after a previously reported rise of 177,000 in April. The payrolls count for March was slashed by 65,000 to 120,000. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. That number could drop as Trump has revoked the temporary legal status of hundreds of thousands of migrants as part of his administration's immigration crackdown. Much of the job growth this year reflects worker hoarding by businesses, anchoring the labour market and economy through higher wages. Average hourly earnings increased 0.4 per cent after gaining 0.2 per cent in April. In the 12 months through May, wages rose 3.9 per cent, matching April's advance. US stocks opened higher. The dollar gained against a basket of currencies. US Treasury yields rose. Employers' reluctance to lay off workers could keep the US central bank on the sidelines until the end of the year. Financial markets expect the Fed will leave its benchmark overnight interest rate unchanged in the 4.25-4.50 per cent range at a policy meeting later this month, before resuming its policy easing in September.