
Iran Has Increased Production Of Near Weapons-Grade Uranium: UN Watchdog
Quick Read
Summary is AI generated, newsroom reviewed.
The IAEA's report indicates Iran's uranium stockpile enriched to 60% has risen to 408.6 kg, raising concerns amid US-Iran nuclear deal talks. Iranian officials deny imminent agreements, while Trump remains optimistic about a potential deal without conflict.
The International Atomic Energy Agency's confidential report reveals that Iran's stockpile of uranium enriched to near weapons-grade levels has seen a significant surge. As of May 17, the country amassed 408.6 kilograms of uranium enriched up to 60%, marking an increase of 133.8 kilograms since the agency's last report in February.
This development comes at a sensitive time especially with the ongoing talks between Tehran and Washington over a possible nuclear deal.
The IAEA Director-General, Rafael Mariano Grossi, has expressed his concerns, stating that Iran is the only non-nuclear weapon state enriching to this level. He urges Tehran to cooperate fully and effectively with the agency.
Meanwhile, senior Iranian officials have dismissed speculation about an imminent nuclear deal with the United States, emphasising that any agreement must fully lift sanctions and allow the country's nuclear program to continue.
However, Trump said on Friday that he still thinks a deal could be completed in the 'not too distant future.'
US President Donald Trump has expressed optimism about reaching a deal, stating that Iran would rather make a deal than face potential conflict. Trump said, "They don't want to be blown up. They would rather make a deal... That would be a great thing that we could have a deal without bombs being dropped all over the Middle East."
Trump has also warned Israeli Prime Minister Benjamin Netanyahu to not carry out preemptive strikes on Iran's nuclear program while the talks are still ongoing.
Hashtags

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


Indian Express
16 minutes ago
- Indian Express
GDP figures show India is back on the road to growth
The National Statistics Office's (NSO) provisional estimates peg India's gross domestic product (GDP) growth at 6.5 per cent for 2024-25, with the fourth quarter growing at a blistering 7.4 per cent. The first and second advance estimates, which were based on limited data, had projected 6.4 per cent and 6.5 per cent, respectively. The positive surprises in GDP revisions seen in the past three fiscals may end here, at least for now. The economy seems to be realigning with its long-term trend growth. The decadal average growth before the Covid-19 pandemic was 6.6 per cent. For 2023-24, the first advance estimates had pinned growth at 7.3 per cent, the provisional estimates revised that to 8.2 per cent and then to 9.2 per cent. In India's GDP reporting framework, provisional estimates are more reliable and enduring than the two preceding advance estimates. The next GDP estimate for fiscal 2025 will be released in early 2026. Until then, these estimates provide a more stable basis for forecasting GDP amid a wall of global uncertainty. India's nominal GDP, which factors in the inflation rate, grew 9.8 per cent in fiscal 2025. Put another way, the size of the absolute economy reached $3.91 trillion from $3.6 trillion in fiscal 2024. Private consumption grew a good 7.2 per cent on rural demand even as urban stayed subdued. That said, consumption growth did slow to 6 per cent in the fourth quarter. Government consumption expenditure, too, was restrained, growing 2.3 per cent for the full fiscal year and dropping to -1.8 per cent in the fourth quarter. Government investments picked up sharply in the fourth quarter, helping investment growth outpace GDP. Central government capex exceeded the revised estimates for the full fiscal. On the supply side, agriculture and services performed well, but manufacturing was a laggard, growing 4.5 per cent — slower than agriculture. Merchandise exports were nearly flat at $437.41 billion ($437.07 billion in fiscal 2024). Labour-intensive construction ratcheting up 9.4 per cent over the double-digit growth last fiscal augurs well for employment. The economic outlook for fiscal 2026 will be shaped by the interplay of global tariff shocks and the buffers and policy levers India has. While our economy is primarily driven by domestic factors, growing ties with developed nations through trade and capital flows means it cannot be fully insulated from adverse global events. The external environment has undergone a dramatic shift this year following the imposition of reciprocal tariffs by the US and ongoing escalation and de-escalation. This can impact India via both direct and indirect channels. The direct impact is felt through the effects on the US economy and the increased tariffs that hinder our competitiveness. With US growth expected to slow to 1.5 per cent in calendar 2025 from 2.8 per cent in 2024, demand for Indian exports to the US will decrease. The full impact will only become clear once the India-US trade deal is concluded. The indirect or collateral impact will play out via slowing growth in other export markets for India, such as the European Union and Asia. S&P Global expects global growth to slip to 2.7 per cent in 2025 from 3.3 per cent in 2024. The elevated tariffs on Chinese goods will exacerbate China's overcapacity and deflationary pressures, prompting it to divert excess supply to other markets, including India. The recent thaw in US-China trade tensions saw both countries agreeing to reduce tariffs by 115 per cent for a 90-day period. However, this provides only a temporary relief, and uncertainty looms over what will follow the 90-day window. The persistent uncertainty is delaying private investment decisions and remains a concern for volatility in capital flows, financial markets and currency exchange rates. India has some buffers, and positive developments will support economic activity this fiscal. The composition of India's exports provides some resilience, as services exports, which now account for nearly half of the country's exports, are less vulnerable to global trade cycles than goods exports. According to the World Trade Organisation, global goods trade will contract 0.2 per cent in calendar 2025, while services trade will grow at 4 per cent. Although services exports will slow, it will do so at a slower pace than goods exports, providing some buffer on the trade front. A low current account deficit, moderate government external debt and healthy forex reserves (at $686 billion currently) reduce India's vulnerability to global shocks, but do not provide complete insulation. A record wheat harvest and strong pulses output, as per the second advance estimates, along with a favourable monsoon forecast for the upcoming kharif season, are expected to boost agricultural production and control food inflation. Moreover, we expect crude prices to average a low around $65 per barrel this fiscal. These factors provide the RBI with more elbow room to support growth. We anticipate two more rate cuts of 25 basis points this fiscal. Essential items such as food and fuel account for a larger share of the consumption basket for lower-income households. Thus, low food inflation will improve discretionary spending for lower-income groups in both urban and rural areas. Urban consumption will be further supported by low interest rates and income tax cuts announced in the budget, which will take effect this fiscal. This, in turn, will complement healthy rural consumption. Unlike the previous fiscal year, the central government seems to be prioritising capital expenditure at the outset this year. In April, capex reached Rs 1.59 lakh crores, accounting for 14.3 per cent of the budget target. Despite tepid domestic private investment prospects and the government's limited ability to fuel public investment due to fiscal considerations, India is benefiting from global supply-chain shifts. Apple plans to manufacture most iPhones for the US market in India, and a Vietnamese electric vehicle manufacturer is set to open an Indian plant in June, with product launches expected this year. More such investment opportunities are likely as companies diversify away from China. The strong financials of Indian corporates, especially large and mid-sized, has led to resilience and flexibility to capitalise on opportunities. But reforms that address structural bottlenecks remain crucial to raise India's attractiveness as an investment destination and unlock its growth potential. Given the overall landscape, we expect India's GDP to grow 6.5 per cent this year, with risks tilted to the downside. The writer is Chief Economist, CRISIL


Time of India
21 minutes ago
- Time of India
Boulder attack: Targeted terror attack unleashed on peaceful Colorado vigil as suspect sets multiple victims on fire
A man allegedly attacked participants by setting multiple people on fire at the Pearl Street Mall in downtown Boulder. Run for their lives The vigil, held by a local Jewish community group called 'Run for Their Lives,' was focused on calling for the release of Israeli hostages currently held in Gaza. The event attracts a group of people who meet weekly to walk or run in solidarity with the hostages, many wearing matching shirts and carrying flags representing the hostages' countries. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo Police response At around 1:26 pm, Boulder Police received urgent calls reporting a man with a weapon setting victims on fire. Police Chief Stephen Redfearn said officers responded immediately to find several people with serious burns and other injuries. The victims were transported to local hospitals, while the suspect, who sustained minor injuries, was taken into custody. 'This is a targeted terror attack ,' FBI Director Kash Patel said on social media , confirming that FBI agents are investigating alongside local law enforcement. Live Events Colorado Attorney General Phil Weiser called the attack a 'hate crime given the group that was targeted' and condemned the violent act. 'Hate has no place in Colorado,' he said. 'We all have the right to peaceably assemble and speak our views, but these violent acts must stop.' A series of antisemitic attacks The attack occurred on Shavuot, a significant Jewish holiday, compounding the pain felt by the community. It also comes weeks after two Israeli embassy staff were fatally shot outside the Jewish Museum in Washington, DC, in an antisemitic attack. In addition to the violence in Boulder, anti-Israel graffiti was discovered on 18 to 20 buildings at the nearby University of Denver earlier that weekend. Adam Rovner, director of the university's Center for Judaic Studies, described the vandalism as a painful sign of growing hatred and intolerance. Reaction from the Jewish community The Boulder Jewish Community Center released a statement expressing heartbreak over the attack. 'We are saddened to learn that an incendiary device was thrown at walkers during a peaceful vigil,' the center said, emphasizing safety as their highest priority. Videos reviewed by the Anti-Defamation League showed the suspect shouting phrases like, 'How many children have you killed?' and calling for an end to Zionists, indicating the attack was fueled by deep ideological hatred. Colorado Governor Jared Polis condemned the attack as a 'heinous act of terror' and reassured the public that state and federal agencies are supporting the investigation. This attack adds to a troubling wave of antisemitic violence across the US, which has intensified since Hamas' deadly attack on Israel in October 2023 and Israel's subsequent military campaign in Gaza.

Mint
21 minutes ago
- Mint
Colorado attack: Several injured, suspect yelled ‘Free Palestine', FBI probes ‘act of terrorism'
Several people suffered burns and other injuries on Sunday in the US state of Colorado in what the Federal Bureau of Investigation (FBI) called a "targeted terror attack" against demonstrators seeking the release of Israeli hostages held in Gaza. 1. Colorado authorities were quoted by Reuters as saying that there were six victims in the attack. They were taken o to local hospitals. 2. According to reports, the incident took place at the intersection of 13th Street and Pearl Street on Sunday afternoon (local time) — near a demonstration to remember the Israeli hostages who remain in Gaza It happened near a popular pedestrian mall in Boulder where demonstrators with a volunteer group called 'Run For Their Lives' had gathered to raise visibility for the hostages who remain in Gaza as a war between Israel and Hamas continues to inflame global tensions and has contributed to a spike in antisemitic violence in the United States. 3. Police said a male suspect was taken into custody on Sunday after the attack left multiple people with burns in Boulder, Colorado. Boulder Police Chief Stephen Redfearn said the man was apprehended following calls to police dispatch of someone with a weapon who was 'setting people on fire.' 4. In one video apparently of the attack, a shirtless man holding clear spray bottles in his hands is seen pacing as the grass in front of him burns. He can be heard screaming "End Zionists!", "Palestine is Free!" and "They are killers!" towards several people in red t-shirts as they tend to a person lying on the ground. 5. FBI leaders in Washington said they were treating the Boulder attack as an act of terrorism. 'This act of terror is being investigated as an act of ideologically motivated violence based on the early information, the evidence, and witness accounts. We will speak clearly on these incidents when the facts warrant it,' FBI Deputy Director Dan Bongino said in a post on X. 6. FBI Director Kash Patel immediately labeled it a 'targeted terrorist attack.' Meanwhile, the US Justice Department — which leads investigations into acts of violence driven by religious, racial or ethnic motivations — decried the attack as a "needless act of violence, which follows recent attacks against Jewish Americans." 7. Colorado Gov. Jared Polis said in a statement that he was 'closely monitoring' the situation, adding that 'hate-filled acts of any kind are unacceptable.' 8. Multiple blocks of the pedestrian mall area were evacuated by police. The scene shortly after the attack was tense, as law enforcement agents with a police dog walked through the streets looking for threats and instructed the public to stay clear of the pedestrian mall. According to ABC news, authorities have evacuated the area from Broadway to the west, Pine Street to the north and 16th Street to the east, and Walnut Street to the south and have been conducting the probe into the incident, as per the report.