logo
Trump Sees Iran Deal That Allows US to Destroy Nuclear Sites

Trump Sees Iran Deal That Allows US to Destroy Nuclear Sites

Yahoo2 days ago

(Bloomberg) -- US President Donald Trump said he envisions a nuclear deal with Iran that would allow the destruction of 'whatever we want' in the country including labs, a version of an inspections regime that is likely to be rejected by Tehran.
NYC Congestion Toll Brings In $216 Million in First Four Months
NY Wins Order Against US Funding Freeze in Congestion Fight
Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania
NY Congestion Pricing Is Likely to Stay Until Year End During Court Case
Why Arid Cities Should Stick Together
Speaking at the White House on Wednesday, Trump briefly outlined his vision of a deal that is 'very strong, where we can go in with inspectors. We can take whatever we want. We can blow up whatever we want. But nobody getting killed,' he said.
Trump also said he believed a deal with Iran could be completed within 'the next couple of weeks' and that talks had made 'a lot of progress.' But his comments about destroying nuclear facilities highlight a major sticking point between the two over whether Iran should be allowed to produce its own enriched uranium.
An advisor to Ayatollah Ali Khamenei, Iran's Supreme Leader, dismissed Trump's ideas.
'Accessing Iran's nuclear sites and 'blowing up infrastructure' is a fantasy past US presidents shared. Iran is independent, with strong defenses, resilient people, and clear red lines,' Ali Shamkhani said in a post on X on Thursday.
'Talks serve progress, interests, and dignity, not coercion or surrender,' he added.
It's not clear if the ability to dismantle or destroy infrastructure in the event that Iran is found to be weaponizing its enrichment capability is a demand that US negotiators have formally put to Iranian counterparts in their current talks.
Trump's comments came in response to questions about reports Israel has revived plans to attack Iran. He said he advised Prime Minister Benjamin Netanyahu against that idea as it could disrupt ongoing talks between the US and Iran.
Trump described an alternative that gave the US the option to destroy infrastructure related to a weapons program that would be baked into an agreement with Iran. 'We can blow up a lab, but nobody's going to be in the lab, as opposed to everybody being in the lab and blowing it up, right?' he added.
After the 1991 Gulf War, a United Nations-led regime was imposed on Iraq in which inspectors were allowed to destroy nuclear and chemical weapons-related infrastructure.
Iran has repeatedly warned the US against threats of military action. Iranian officials insist their nuclear program is for peaceful purposes only and uranium enrichment is necessary for its nuclear power sector.
Earlier on Wednesday officials in Iran said they'd consider allowing Americans to be part of International Atomic Energy Agency inspection teams under a future deal with the US, a walkback from a practice of excluding inspectors who are US nationals.
Trump's comments about being able to destroy nuclear infrastructure may make officials in Iran rethink the concession.
Despite the apparent distance between expectations, Trump sounded optimistic about a deal, which his special envoy Steve Witkoff has been negotiating.
'They still have to agree to the final stages of a document, but I think you could be very well surprised what happens there, and it would be a great thing for them,' Trump said. 'They could have a great country into the future.'
After talks in Rome on Friday, the Iranian foreign minister and lead negotiator, Abbas Araghchi, said they could lead to progress toward an agreement in the next couple of meetings.
(Updates with response from an advisor to Iran's Supreme Leader.)
Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back?
YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom
Millions of Americans Are Obsessed With This Japanese Barbecue Sauce
Inside the First Stargate AI Data Center
How Coach Handbags Became a Gen Z Status Symbol
©2025 Bloomberg L.P.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why ALSO Holding AG (VTX:ALSN) Could Be Worth Watching
Why ALSO Holding AG (VTX:ALSN) Could Be Worth Watching

Yahoo

time15 minutes ago

  • Yahoo

Why ALSO Holding AG (VTX:ALSN) Could Be Worth Watching

ALSO Holding AG (VTX:ALSN), might not be a large cap stock, but it saw a decent share price growth of 20% on the SWX over the last few months. The company is inching closer to its yearly highs following the recent share price climb. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let's take a look at ALSO Holding's outlook and value based on the most recent financial data to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The share price seems sensible at the moment according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 29.59x is currently trading slightly below its industry peers' ratio of 29.85x, which means if you buy ALSO Holding today, you'd be paying a reasonable price for it. And if you believe that ALSO Holding should be trading at this level in the long run, then there's not much of an upside to gain over and above other industry peers. Furthermore, ALSO Holding's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. This may mean it is less likely for the stock to fall lower from natural market volatility, which suggests less opportunities to buy moving forward. View our latest analysis for ALSO Holding Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. ALSO Holding's earnings over the next few years are expected to increase by 97%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? ALSN's optimistic future growth appears to have been factored into the current share price, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at ALSN? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio? Are you a potential investor? If you've been keeping an eye on ALSN, now may not be the most advantageous time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for ALSN, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Diving deeper into the forecasts for ALSO Holding mentioned earlier will help you understand how analysts view the stock going forward. Luckily, you can check out what analysts are forecasting by clicking here. If you are no longer interested in ALSO Holding, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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

Maryland's credit downgrade can be blamed on actions in Washington, not Annapolis
Maryland's credit downgrade can be blamed on actions in Washington, not Annapolis

Yahoo

time15 minutes ago

  • Yahoo

Maryland's credit downgrade can be blamed on actions in Washington, not Annapolis

Maryland maintained a AAA bond rating from Fitch and Standard & Poor's, but was downgraded to Aa1 by Moody's. (Maryland Matters file photo) In his coverage of the downgrade of Maryland's credit rating by Moody's from the coveted AAA to AA1, Bryan Sears pointed to Moody's acknowledgement of Maryland's 'wealthy and diverse economy,' solid financial planning and proactive management by officials, including slowing expenditures and raising new funds. But the report also noted that Maryland was particularly vulnerable to 'shifting Federal policies and employment' in comparison to other states with triple-A ratings: Delaware, Florida, Georgia, Missouri, North Carolina, Ohio, South Dakota, Tennessee, Texas, Utah and Virginia. In plain-speak, Maryland's administration was well equipped to handle any organic financial issues arising from budgetary deficits, and/or ambitiously funded programs. But our reliance on federal jobs meant that no one could foresee or plan for such eventualities. Maryland Matters welcomes guest commentary submissions at editor@ We suggest a 750-word limit and reserve the right to edit or reject submissions. We do not accept columns that are endorsements of candidates, and no longer accept submissions from elected officials or political candidates. Opinion pieces must be signed by at least one individual using their real name. We do not accept columns signed by an organization. Commentary writers must include a short bio and a photo for their bylines. Views of writers are their own. Among all the states with a triple-A rating, Maryland's economy is the only one which is dominated by the government sector. Being a small state and adjacent to the nation's capital, Maryland's largest source of income is income tax. Almost one in 10 Maryland workers is a federal employee. The only variable NOT in control of the state administration is the employment of federal workers. It isn't hard to see the connection. Republican delegates and senators who tout Moody's warnings about Maryland's rating prior to this current federal administration taking charge are forgetting that the programs with high price tags, like the Blueprint for Maryland's Future, were hit because of the COVID-19 economy. We barely had time to come up to the surface to take a breath of air before being submerged again by this second Trump administration! The GOP needs to take a hard look at themselves, and their blind obeisance to the walking body of malfeasance they regard as their president. Here is the bottom line: Moody's downgraded Maryland's credit rating because, despite the Moore administration's best efforts, they could not fix the damage done by DOGE and their dismantling of federal government. Maryland, D.C. and Virginia have the maximum number of federal employees – both Maryland and D.C. had their ratings downgraded. Virginia is a much larger state and has other economic avenues to offset the loss of federal jobs, even though it, too, has taken a substantial hit to its economy. Blame, if it is to be assigned, lies with the Trump administration and its hatchet approach to federal infrastructure. Believe me, the damage goes far beyond a credit rating — the United States will be feeling the effects of this sabotage for decades to come. Fitch has since released its ratings on Maryland, and Standard & Poor's followed on Wednesday. Maryland continued to maintain a triple-A ratings with both firms. So let's all take a deep breath, and return to resisting the illegal and unconstitutional actions of this federal administration.

Trump announces new steel and aluminium tariffs in blow to global markets
Trump announces new steel and aluminium tariffs in blow to global markets

Yahoo

time15 minutes ago

  • Yahoo

Trump announces new steel and aluminium tariffs in blow to global markets

Donald Trump has announced plans to double tariffs on steel imports from next week, intensifying his trade war and unsettling global markets. Addressing a rally of steel workers in West Mifflin, Pennsylvania, on Friday, the US president revealed that tariffs would rise from 25% to 50%, claiming the measure "will even further secure the steel industry in the United States." Mr Trump later confirmed on Truth Social that the new tariffs, which also apply to aluminium imports, would take effect from Wednesday. He declared that American "industries are coming back like never before." "This will be yet another BIG jolt of great news for our wonderful steel and aluminum (sic) workers," he wrote, adding: "MAKE AMERICA GREAT AGAIN!" In a separate statement, he said: "We don't want America's future to be built with shoddy steel from Shanghai - we want it built with the strength and the pride of Pittsburgh!" However, a UK government source told Sky News that Britain will remain exempt from the new tariff rates, following the signing of a US-UK trade deal earlier this month. The source highlighted this agreement as evidence of why reaching an early arrangement with the Trump administration had been critical. Under the deal, the US agreed to "promptly construct a quota at most favoured nation (MFN) rates" for British steel, aluminium and derivative products. The escalation follows Mr Trump's claim earlier that China had "totally violated" an agreement designed to mutually roll back tariffs and trade restrictions on critical minerals. "So much for being Mr Nice Guy," he wrote on his social media platform. Initially, Mr Trump imposed a 25% tariff on all steel and aluminium imports in March as part of an effort to protect US manufacturing and jobs, making foreign imports less appealing to domestic industries. These increased tariffs threaten to raise costs for American consumers, affecting products from cars to canned soft drinks. Trump previously warned Canada it could face tariffs of up to 50% on steel imports, prompting Ontario's provincial government to threaten to increase electricity charges by 25% to American customers. Ontario supplies electricity to more than 1.5 million US homes and businesses in Minnesota, New York, and Michigan. Canadian Prime Minister Mark Carney previously described the potential tariffs as an "attack" on Canadian workers, families, and businesses. Currently, roughly a quarter of steel used in the US is imported, predominantly from countries including Canada, Mexico, Japan, South Korea, and Germany. In 2024, the US imported 6.6 million tonnes of steel from Canada and 3.5 million tonnes from Mexico. The US also heavily relies on imported aluminium, receiving 3.2 million tonnes from Canada last year.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store