logo
Has Iran's nuclear program been defeated? Key question unanswered as Israel ceasefire takes hold

Has Iran's nuclear program been defeated? Key question unanswered as Israel ceasefire takes hold

CNN5 hours ago

From the start of Israel's unprecedented strikes on Iranian targets earlier this month, the aims of the operation were made perfectly clear.
The intention, one Israeli military official carefully spelled out to CNN, was to permanently remove the Islamic Republic's 'existential' nuclear and ballistic missile threats.
After the United States joined in at the weekend, pounding Iranian nuclear facilities with powerful bunker-busting munitions, President Donald Trump insisted the strikes were a 'spectacular military success' and that Iran's nuclear facilities had been 'totally obliterated.'
But with a ceasefire now in place, it's far from clear that ambitious objective has been achieved.
Western military sources say it's too early to fully assess the damage wrought by the US and Israeli strikes, although satellite images analyzed by CNN, reveal extensive destruction at the key nuclear installations of Isfahan, Natanz and Fordow.
Iran's controversial uranium enrichment program, which uses sensitive centrifuges often installed deep underground in fortified bunkers, is likely to have been rendered inoperable or damaged, if not entirely destroyed.
Trump insists Iran will 'never' be able to rebuild its nuclear program.
'That place is under rock, that place is demolished,' he told reporters in Washington on Tuesday before heading to the NATO summit in The Hague.
But if there is political will, Iran may have the capacity and the means to do revive its program, especially given that its technical know-how is likely to have survived, despite the targeting by Israel of multiple Iranian nuclear scientists.
Moreover, officials at the UN nuclear watchdog, the IAEA, confirm they are still uncertain of the whereabouts of the nuclear material Iran has already manufactured, including some 880 pounds of uranium-235 enriched to 60% purity, which is dangerously close to weapons-grade levels.
A top Iranian nuclear official, Mohammad Eslami, who is the head of the country's atomic energy organization, insisted that Iran 'planned ahead of time' to ensure there would be 'no interruption to our nuclear program.'
Meanwhile, Iranian state media reported that nuclear sites were 'evacuated' ahead of the US strikes, raising concerns that some or all of the enriched nuclear material has been preserved, possibly at a secret facility unknown to inspectors.
However, even if Iran was able to safely hide its enriched uranium, turning this into weapons-grade material 'is not going to be a fast process,' since the US and Israeli bombing campaign has 'done serious damage to Iran's capability to build a nuclear weapon,' said David Albright, a former UN nuclear weapons inspector who is now the president of the Institute for Science and International Security (ISIS) think tank. He assessed that it would take Iran 'a good year or two' to build a nuclear weapon.
But capability is not the same as intent.
One key question remains whether Iran, which has always insisted its nuclear program is for strictly peaceful purposes, now changes its calculations and its strategy.
For years, hardline voices inside the Islamic Republic have been calling for a nuclear weapon as a deterrent against exactly the kind of overwhelming attack the nation has endured over the last 12 days. Inevitably, those calls may now have been bolstered.
Already, Iranian officials have been publicly hinting at pulling out of a key nuclear non-proliferation treaty, the NPT, designed to monitor and prevent the global spread of nuclear weapons.
'The NPT is not able to protect us, so why a country like Iran, or other countries interested to have a peaceful nuclear energy, should rely on NPT,' the Iranian foreign minister, Abbas Araghchi, told a conference in Istanbul on Sunday.
Ominously, other Iranian lawmakers have called for the Islamic Republic to formally withdraw.
If that happens, it would almost certainly be interpreted as confirmation of an Iranian intent to build a bomb.
But it's not certain that the highly volatile situation will develop in this way.
One other consideration that may slow any dash by the Islamic Republic to cross the nuclear threshold and build a weapon is the potential threat of regime change, actively sought by Israel and toyed with, in recent days, by Trump.
For the moment, with a ceasefire in place, that threat appears to have receded. And Trump has since told reporters he does not want to see regime change in Iran, saying such a move would create chaos.
But if there's any further sign of Iran edging towards a nuclear breakout, that regime change option – however fraught with danger and unpredictability – may find its way back onto the table.
A comprehensive nuclear deal with Iran is also still an option.
Last week in Geneva, top European and Iranian diplomats explored ideas for a possible agreement, including a proposal for direct talks between Iran and the US.
Then, in the aftermath of the US strikes on Iran, one Western European diplomat told CNN that 'real window of opportunity' had been 'slammed shut' by the American action.
But now, if the fragile US-brokered ceasefire between Iran and Israel holds, it may have just opened up that window once again.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Baffles With Sudden U-Turn on China Buying Iranian Oil
Trump Baffles With Sudden U-Turn on China Buying Iranian Oil

Yahoo

time22 minutes ago

  • Yahoo

Trump Baffles With Sudden U-Turn on China Buying Iranian Oil

(Bloomberg) -- President Donald Trump on Tuesday appeared to undermine years of US sanctions on Iran, giving its biggest customer China the green light to carry on buying its oil as he seeks to bolster a ceasefire with Israel. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US State Budget Wounds Intensify From Trump, DOGE Policy Shifts US Renters Face Storm of Rising Costs Commuters Are Caught in Johannesburg's Taxi Feuds as Transit Lags The announcement on social media — which surprised both oil traders and officials in his own government — could undermine the central element of Washington's Iran policy under multiple administrations, which have sought to cut the regime's main source of revenue by making its top export off limits. 'China can now continue to purchase oil from Iran,' the president said on Truth Social, amid a flurry of posts demanding Israel and Iran cease hostilities. The statement landed only hours after Trump declared the Middle East rivals had agreed to a ceasefire, which got off to a shaky start with early breaches by both sides. It follows massive US airstrikes on several of the Islamic Republic's nuclear facilities Sunday, an offensive aimed at stopping Tehran from obtaining an atomic weapon. Oil prices extended losses after Trump's comments, with West Texas Intermediate futures sinking 6% to settle near $64 a barrel in New York. The market had already plunged in recent days as the threat to oil flows from the Israel-Iran conflict faded. US Treasury and State department officials handling Iranian oil sanctions were surprised by Trump's statement and uncertain how to immediately interpret it, according to people familiar with the situation. In the meantime, however, Treasury will continue to strictly enforce related sanctions, said one of the people, who asked not to be identified given the political and market sensitivity of the issue. The White House and Treasury Department didn't immediately respond to requests for comment, while the State Department referred questions to the White House. Tammy Bruce, State Department spokeswoman, declined to provide further specifics during a briefing Tuesday. 'I'm not going to get ahead of the president or try to guess what his strategy will be,' she said when asked about the comment. 'Things happen quickly and I think we'll find out sooner than later.' The apparent shift also comes as the Trump administration seeks to hammer out a new trade framework with China and climb down from a tariff war that saw duties reach levels high enough to cut all trade between the world's two biggest economies. The comments appeared to be Trump 'throwing a bone' to China and Iran for cooperating in their respective talks with the US, said Mark Malek, chief investment officer at Siebert. 'Most of us are thinking that it's just rhetoric at this point. But it definitely took me by surprise.' Allowing a specific carve out for China may be an effort by Trump to send positive signals to Beijing as he seeks a new tariff deal, said a person familiar with the president's thinking, also asking not to be identified. While the potential shift may ease some legal risks around China's buying of Iranian oil, it's unclear what impact the change would have on actual flows. China, the world's biggest importer, gets about 14% of its crude from Iran. But that figure is likely higher as some imports are masked as shipments from Malaysia, as well as the United Arab Emirates and Oman, in order to circumvent US sanctions, which Beijing doesn't recognize. Iran's oil, often purchased at a discount, is vital for China's substantial private refining sector, a crucial source of energy for its economy, which has struggled under the weight of a slumping property sector. 'The Iranian oil sanctions have been so significant for so long, but also with relatively muted enforcement,' said Daniel Tannebaum, former Treasury official and partner at Oliver Wyman. 'It would be premature to think that this policy — which would benefit both China and Iran — would go ahead without a longer term view of ensuring stability in the region, before just literally opening up the spigots to allow legal trade of Iranian oil by China.' Trump as recently as last month insisted all purchases of Iranian oil or petrochemical products 'must stop, NOW!' and that buyers would be subject to secondary sanctions and prevented from engaging in any business with the US. That threat built on previous warnings from his administration. In February, Treasury Secretary Scott Bessent said Washington intended to squeeze Iran's oil exports to less than 10% of current levels, as it renewed the 'maximum pressure' campaign deployed during Trump's first term. As part of that effort, the US has sanctioned hundreds of oil tankers for their role in handling Tehran's petroleum and, absent an easing in those measures, some buyers may still take a more-cautious approach. The White House has also targeted Chinese entities that bought Iranian oil, something that could make other buyers wary. Likewise, secondary sanctions on Iran's sales remain in place and its not clear where the president's remarks will leave those. The sanctions were intended to force Iran to voluntarily give up uranium enrichment so that it would never be in a position to obtain a nuclear weapon. It's still unclear if US airstrikes over the weekend seriously damaged the country's nuclear facilities, while the International Atomic Energy Agency still doesn't know what happened to Tehran's stockpile of 409 kilograms (902 pounds) of highly-enriched uranium — potentially enough for 10 nuclear warheads. --With assistance from Alaric Nightingale, Julian Lee, Jordan Fabian, Alexander Pearson and Kate Sullivan. (Updates to recast, adds details and context throughout.) Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

S&P 500 Gains and Losses Today: Coinbase Shares Soar; Oil and Defense Stocks Drop
S&P 500 Gains and Losses Today: Coinbase Shares Soar; Oil and Defense Stocks Drop

Yahoo

time22 minutes ago

  • Yahoo

S&P 500 Gains and Losses Today: Coinbase Shares Soar; Oil and Defense Stocks Drop

The S&P 500 added 1.1% on Tuesday, June 24, 2025, as optimism spread about a possible de-escalation in the conflict between Israel and Iran. Coinbase shares surged, extending their solid rally as Benchmark analysts boosted their price target on the cryptocurrency exchange operator's stock. The potential for an alleviation of geopolitical tensions contributed to a drop in oil prices, pressuring oil and gas stocks, while aerospace and defense stocks also lost U.S. equities indexes gained ground on Tuesday after President Donald Trump announced a ceasefire agreement between Iran and Israel, raising hopes for a more sustained drawdown in hostilities. Investors also kept an eye on Congressional testimony by Federal Reserve Chair Jerome Powell. Powell indicated that the central bank intends to maintain interest rates at their current levels until there is more clarity on tariff policy and its potential economic impact, despite the White House's calls for immediate rate cuts. The S&P 500 gained 1.1%, closing just beneath its record-high level set in February. The Dow was up 1.2%, while the Nasdaq jumped 1.4%. Shares of Coinbase Global (COIN), operator of the largest cryptocurrency exchange in the U.S., skyrocketed 12.1% on Tuesday to secure the S&P 500's top performance. Analysts at the research firm Benchmark lifted their price target on Coinbase stock, pointing to favorable legislative and regulatory developments and the company's initiatives to capitalize on them. Secretary of Health and Human Services Robert F. Kennedy Jr. announced that the department would launch a massive advertising campaign to encourage the use of wearable health devices. Kennedy specifically mentioned the benefits of glucose monitors for patients managing diabetes. Shares of glucose monitor manufacturer Dexcom (DXCM) surged 9.7%. Uber Technologies (UBER) shares jumped 7.5% as the ridesharing company debuted its robotaxi service in Atlanta. Uber's partnership with Waymo, the autonomous vehicle company owned by Google parent Alphabet (GOOGL), initially offers service in 65 square miles of Atlanta, around half the city's footprint. Carnival Corporation (CCL) posted better-than-expected sales and profits for its fiscal first quarter, and the cruise operator's shares sailed 6.9% higher. The company also boosted its full-year profit outlook, pointing to increases in passengers carried and passenger cruise days as well as declining costs. Shares of competitors Norwegian Cruise Line Holdings (NCLH) and Royal Caribbean Group (RCL) also advanced. AutoZone (AZO) shares dropped 3.6%, losing the most of any S&P 500 stock on Tuesday, following reports that a senior vice president at the auto parts retailer had sold a stake in the company worth more than $2.5 million. Investors often view large sales by company insiders as a negative signal for a stock. Crude oil futures tumbled as optimism around de-escalation in the Middle East helped alleviate potential supply concerns. Shares of energy company Occidental Petroleum (OXY) fell 3.3%, while Exxon Mobil shares (XOM) were down 3%. The potential for calming geopolitical tensions also pressured defense stocks. Northrop Grumman (NOC) shares dropped 3.2%, while shares of aerospace and defense peers RTX Corp. (RTX) and Lockheed Martin (LMT) also traded lower. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store