US President Donald Trump was seemingly on the fence about getting involved in the Iran-Israel conflict – and then he suddenly took a gamble and carried out strikes against three of Iran’s nuclear facilities. His involvement and his pressure to ensure a ceasefire have been unpredictable and unprecedented. The BBC’s Bernd Debusmann lays out the … Read more
U.S. Treasury yields were lower on Tuesday even after Federal Reserve Chair Jerome Powell said he is in no hurry to push for interest rate cuts as the impact of tariffs plays out. Traders also kept an eye on a fragile ceasefire between Iran and Israel. The 10-year Treasury yield was down 3.1 basis points at 4.291%, … Read more
A new U.S. intelligence report found that Iran’s nuclear program has been set back only a few months after a U.S. strike and was not “completely and fully obliterated” as U.S. President Donald Trump has said, according to multiple people familiar with the early assessment. The intelligence report issued by the Defense Intelligence Agency on … Read more
The US strikes on Iran’s nuclear facilities did not destroy the country’s nuclear programme and probably only set it back by months, according to a Pentagon intelligence assessment. The Islamic Republic’s stockpile of enriched uranium was not eliminated in the bombings, sources familiar with an evaluation by the Defense Intelligence Agency told the BBC’s US … Read more
Prime Minister Mark Carney says he’s hopeful the unsteady ceasefire between Iran and Israel will provide an “opportunity” for an end to hostilities in Gaza and ultimately broader Middle East peace, including a “Zionist” Palestinian state committed to Israel’s security. In an interview with CNN International that aired Tuesday ahead of the NATO summit at … Read more
EPA Since 13 June, Israel has inflicted widespread damage on Iran’s military infrastructure, Iranian missiles have pierced Israel’s defence systems and the US has conducted strikes against Tehran’s nuclear programme. Then, over the course of a dizzying 24 hours beginning on Monday, events moved even faster: a US air base came under attack, the White … Read more
NATO Secretary General Mark Rutte praised U.S. President Donald Trump’s decision to order what he called “truly extraordinary” military strikes on Iran in a series of text messages before the military alliance meets in the Netherlands. Those messages, which Trump posted to his social media platform, Truth Social, reveal Rutte was impressed that Trump decided … Read more
NATO Secretary-General Mark Rutte on Tuesday praised U.S. President Donald Trump for his “decisive action” against Iran and pushing allies to boost defence spending in a text message that Trump made public and NATO confirmed was legitimate. Trump posted screenshots of the lengthy text message to his Truth Social website as he headed to Brussels … Read more
NATO allies will try to ensure this week’s summit isn’t derailed by the fallout from U.S. military strikes on Iran, experts say, but the conflict may still be “the elephant in the room.” U.S. President Donald Trump late Monday announced that a ceasefire between Israel and Iran would be phased in over a 24-hour period. … Read more
Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel. Global benchmark Brent fell $3.33, or 4.66%, to $68.15 per barrel by 10:18 a.m. ET. … Read more