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Hindustan Times
02-06-2025
- Business
- Hindustan Times
Iran demands US 'guarantee' it will lift sanctions in nuclear talks
Iran pressed the United States on Monday for guarantees that it will drop sanctions as a condition for a nuclear deal, after the White House reportedly sent a proposal it deemed "acceptable". With Iran and the United States engaged in talks over Tehran's nuclear programme since April, Washington's proposal for a deal came after a leaked UN report said Iran had stepped up production of highly enriched uranium. Iran's top diplomat and lead nuclear negotiator was due to meet the head of the UN's International Atomic Energy Agency in Cairo on Monday, a day after the report was leaked. Iran has rejected the report, warning it would retaliate if European powers that have threatened to reimpose nuclear sanctions "exploit" the report. The United States and Western countries have accused Iran of seeking nuclear weapons, a charge Tehran has repeatedly denied, insisting it needs uranium for civilian power production. Iranian Foreign Minister Abbas Araghchi said on Saturday that he had received "elements" of a US proposal for a nuclear deal following five rounds of talks mediated by Oman. On Monday, foreign ministry spokesman Esmaeil Baqaei told a news conference in Tehran: "We want to guarantee that the sanctions are effectively lifted... "So far, the American side has not wanted to clarify this issue," he added. His remarks come a day after a report by the UN agency showed Iran has stepped up production of uranium enriched up to 60 percent close to the roughly 90 percent level needed for atomic weapons. The US envoy in the nuclear talks said last month that the administration of President Donald Trump would oppose any enrichment. "An enrichment programme can never exist in the state of Iran ever again. That's our red line. No enrichment," Steve Witkoff told Breitbart News. Iran has vowed to keep enriching uranium "with or without a deal" on its nuclear programme. The United States has sent Iran a proposal for a nuclear deal that the White House called "acceptable" and in its "best interest" to accept, US media reported on Saturday. The New York Times, citing officials familiar with the diplomatic exchanges, said the proposal calls on Iran to stop all enrichment and suggests creating a regional grouping to produce nuclear power. Iran has held five rounds of talks with the United States in search of a new agreement to replace the deal with major powers that Trump abandoned during his first term in 2018. ap/sbr/ser/dv THE NEW YORK TIMES COMPANY
Straits Times
02-06-2025
- Business
- Straits Times
Iran demands 'guarantee' US will lift sanctions in nuclear talks
Regardless of whether a deal is struck between the two nations, Iran has vowed to continue enriching uranium. PHOTO: REUTERS Iran demands 'guarantee' US will lift sanctions in nuclear talks TEHRAN - Iran urged the US on June 2 to provide a formal guarantee that it will lift sanctions in ongoing talks on the Islamic republic's nuclear programme. 'We want to guarantee that the sanctions are effectively lifted,' foreign ministry spokesman Esmaeil Baqaei told a news conference in Tehran. 'So far, the American side has not wanted to clarify this issue,' he added. His remarks come a day after a report by a United Nations agency showed Iran has stepped up production of uranium enriched up to 60 per cent – close to the roughly 90 per cent level needed for atomic weapons. The US envoy in the nuclear talks said last month that the administration of President Donald Trump would oppose any enrichment. 'An enrichment programme can never exist in the state of Iran ever again. That's our red line. No enrichment,' Mr Steve Witkoff told Breitbart News. Iran has vowed to keep enriching uranium 'with or without a deal' on its nuclear programme. The US has sent Iran a proposal for a nuclear deal that the White House called 'acceptable' and in its 'best interest' to accept, US media reported on May 31. The New York Times, citing officials familiar with the diplomatic exchanges, said the proposal calls on Iran to stop all enrichment and suggests creating a regional grouping to produce nuclear power. Iran has held five rounds of talks with the US in search of a new agreement to replace the deal with major powers that Trump abandoned during his first term in 2018. AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
01-06-2025
- Business
- Yahoo
Trump tariffs derailed by law firm that received money from his richest backers
Donald Trump's tariff policy was derailed by a libertarian public interest law firm that has received money from some of his richest backers. The Liberty Justice Center filed a lawsuit against the US president's 'reciprocal' tariffs on behalf of five small businesses, which it said were harmed by the policy. The center, based in Austin, Texas, describes itself as a libertarian non-profit litigation firm 'that seeks to protect economic liberty, private property rights, free speech, and other fundamental rights'. Related: Trump officials to ask supreme court to halt bid by 'activist judges' to block tariffs Previous backers of the firm include billionaires Robert Mercer and Richard Uihlein, who were also financial backers of Trump's presidential campaigns. Mercer, a hedge fund manager, was a key backer of Breitbart News and Cambridge Analytica, pouring millions into both companies. He personally directed Cambridge Analytica to focus on the Leave campaign during the UK's Brexit referendum in 2016 that led to the UK leaving the European Union. For its lawsuit against Trump's tariffs, the Liberty Justice Center gathered five small businesses, including a wine company and a fish gear and apparel retailer, and argued that Trump overreached his executive authority and needed Congress's approval to pass such broad tariffs. The other group who sued the Trump administration over its tariffs was a coalition of 12 Democratic state attorney generals who argued that Trump improperly used a trade law, the International Emergency Economic Powers Act (IEEPA), when enacting his tariffs. In such a polarized time in US history, it may feel odd to see a decision celebrated by liberal and conservatives. But Trump's tariffs have proven controversial to members of both parties, particularly after Wall Street seemed to be put on edge by the president's trade war. The US stock market dipped down at least 5% after Trump announced the harshest of his tariff policies. Recovery was quick after Trump paused many of his harshest tariffs until the end of the summer. Stocks started to rally on Thursday morning after the panel's ruling. The judges said that the law Trump cited when enacting his tariffs, the IEEPA does not 'delegate an unbounded tariff authority onto the president'. The decision is on a temporary hold after the Trump administration appealed. Related: Why has a US court blocked Donald Trump's tariffs – and can he get round it? While the ruling does not impact specific tariffs on industries such as aluminum and steel, it prevents the White House from carrying out broad retaliatory tariffs and its 10% baseline 'reciprocal' tariff. The White House is appealing the ruling, which means the case could go up to the US supreme court, should the high court decide to take on the case. Members of both groups who sued the Trump administration celebrated the ruling. Jeffrey Schwab, senior counsel for the Liberty Justice Center, said in a statement that it 'affirms that the president must act within the bounds of the law, and it protects American businesses and consumers from the destabilizing effects of volatile, unilaterally imposed tariffs'. Oregon's Democratic attorney general, Dan Rayfield, who helped the states' lawsuit, said that it 'reaffirms that our laws matter'. In a statement, Victor Schwartz, the founder of VOS Selections, a wine company that was represented by the Liberty Justice Center in the suit, said that the ruling is a 'win' for his business. 'This is a win for my small business along with small businesses across America – and the world for that matter,' he said. 'We are aware of the appeal already filed and we firmly believe in our lawsuit and will see it all the way through the United States Supreme Court.'
Time Business News
26-05-2025
- Business
- Time Business News
Robert Leslie Stencil Calls On President Donald J. Trump: To Finish What Was Started and Cement America's Energy Legacy
FOR IMMEDIATE RELEASE – May 25, 2025 Washington, D.C. — In the wake of President Donald J. Trump's recent executive actions aimed at revitalizing America's energy sector—including renewed support for nuclear, the rollback of restrictive environmental regulations, and efforts to dismantle wasteful government subsidies—Robert Leslie Stencil is calling on the President to seize the moment and support General American LNG, the largest privately funded clean energy initiative in American history. A Vision Aligned with 'America First' General American LNG is not just another energy project—it is a fully designed, shovel-ready blueprint for energy independence, job creation, and economic prosperity. Suppressed under the Obama-Biden administration, this project is now being revived with the support of everyday Americans, conservative thought leaders, and industry advocates. It aligns completely with President Trump's promise to put America First. Key Project Highlights: Job Creation: Over 244,000 new jobs projected across a 30-year horizon—without burdening the taxpayer. Infrastructure Expansion: Development of 5,000+ natural gas fueling stations nationwide. Fleet Modernization: Annual conversion of 500,000 light-fleet vehicles to clean-burning Compressed Natural Gas (CNG). Educational Investment: Launch of a college-level training curriculum to prepare a skilled workforce in the CNG transportation sector. Energy Independence: Expansion of LNG exports to free-trade and non-free-trade nations, driving global demand for American gas. No Burden on Taxpayers: The entire plan is 100% privately funded through LNG export profits—not government subsidies. > Robert Leslie Stencil built this plan for the American people, and he's handing it to President Trump as a thank-you—for standing up against the corruption, waste, and rigged systems that have held America back. A Direct Appeal to Conservative Leaders President Trump, this is the legacy project that cements your energy dominance agenda. This is the cherry on top. But it can't move forward without your support. We are calling on YOU—and on the conservative movement—to act. We urge the following conservative news leaders and organizations to help carry this message forward: Matthew Boyle, Chief Political Correspondent, Breitbart News Glenn Beck, Founder, The Blaze Charlie Kirk, Founder, Turning Point USA Steve Bannon, War Room host Jesse Watters and Laura Ingraham, Fox News Tucker Carlson, The Tucker Carlson Network A Challenge to Energy Industry CEOs: Step Up The natural gas industry has a once-in-a-generation opportunity to support a national infrastructure and energy plan that won't cost taxpayers a dime and will expand markets for your own product. We call on the following leaders to publicly rally behind this effort: Nick Dell'Osso, CEO, Chesapeake Energy Joseph Dominguez, CEO, Constellation Energy Bernard Looney, CEO, BP plc Marshall McCrea, Co-CEO, Energy Transfer LP John Christmann, CEO, APA Corporation Robert Phillips, CEO, Crestwood Midstream Partners Now is the time to rise, unite, and push this project back into motion. Why It Was Suppressed—And Why That Ends Now This project was intentionally suppressed by the Obama-Biden administration. The DOJ was weaponized against Stencil because he spoke out against government subsidies that forced Americans to pay for projects they didn't benefit from. Americans never received equity or return on those investments—but were still forced to buy the end products. Stencil's refusal to play the game—his demand that projects be funded by profit, not public money—was met with brutal resistance: He was charged with 41 felonies, later reduced to 38, in an effort to bury him and kill the project. Four federal judges involved in the case violated financial ethics rules by holding stock in energy companies that benefited from his conviction. Exculpatory evidence was withheld. His release was denied during COVID, despite prison approval. This was lawfare before lawfare had a name. The same system that targeted Trump targeted Stencil first. President Trump, you're dismantling that system now. This is the moment to set things right. Media Inquiries: Leslie Defense Fund and Group 15807 Sitting Bull Street Victorville, California 92395 Email: help@ Contact: Jerry Stencil: 704-661-5574 Peter Smithj: Text Line: 770-322-4819 Follow & Support the Cause: Website: Facebook: Twitter/X: Truth Social: GiveSendGo: President Trump, this is your moment. The question is not whether America can lead— the question is, will you bless the plan that puts your name on the largest private energy project in U.S. history? The American people are watching. So are your enemies. Let's finish what you started. Set Robert Leslie Stencil free, and bless his projects president Donald j Trump. TIME BUSINESS NEWS
Nahar Net
22-05-2025
- Politics
- Nahar Net
Iran-US nuclear talks set for Rome this week
by Naharnet Newsdesk 22 May 2025, 11:57 Iran and the United States will hold the next round of talks on the Islamic republic's nuclear program in Rome later this week, Tehran and mediator Oman said. The arch-foes have held four rounds of nuclear talks since April 12, the highest-level contact between them since US President Donald Trump abandoned the 2015 nuclear deal during his first term. "The 5th round of Iran-U.S. talks will take place in Rome this Friday," Omani Foreign Minister Badr Albusaidi said in a post on X. Iran confirmed it would attend the meeting. Foreign ministry spokesman Esmaeil Baqaei said in a statement that Tehran had agreed "to a proposal put forward by (mediator) Oman... to organize another round of Iran-US talks" in the Italian capital on Friday. The talks aim for a new agreement that would curb Iran's nuclear activities in return for sanctions relief. Western countries, including the United States, have long accused Iran of seeking to acquire atomic weapons, while Iran insists its nuclear program is for peaceful purposes. Iran's supreme leader Ayatollah Ali Khamenei expressed doubt this week over the talks. "We don't think it will lead to any outcome. We don't know what will happen," he said. Denying Iran's right to enrich uranium was "a big mistake", Khamenei added. His remarks came after the United States' key negotiator in the talks, Steve Witkoff, voiced opposition to any Iranian uranium enrichment. "An enrichment program can never exist in the state of Iran ever again. That's our red line. No enrichment," he told right-wing Breitbart News in an interview published on May 9. Iran has repeatedly insisted its right to maintain uranium enrichment was "non-negotiable". On Sunday, its foreign minister, Abbas Araghchi, said Iran would keep enriching uranium "with or without a deal" on his country's nuclear program. The Islamic republic currently enriches uranium to 60 percent, far above the 3.67-percent limit set in the 2015 deal but below the 90 percent needed for a nuclear warhead. Trump effectively torpedoed the deal in 2018 during his first term, by unilaterally pulling out and reimposing sanctions on Iran's oil exports and banking sector. A year later, Iran began rolling back its commitments to the agreement, which had offered sanctions relief in return for UN-monitored restrictions on its nuclear activities. The three European powers -- party to the 2015 accord -- are weighing whether to trigger the "snapback" mechanism, which would reinstate U.N. sanctions in response to Iranian non-compliance. That option expires in October. Araghchi earlier this month warned of "irreversible" consequences if Britain, France and Germany moved to reimpose sanctions.
