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Nuclear deal with Iran is not imminent or inevitable, US official warns

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Nuclear deal with Iran is not imminent or inevitable, US official warns

A senior US official has warned {that a} deal to save lots of the nuclear accord with Iran is neither imminent nor inevitable as diplomatic efforts stall over Tehran’s demand that Washington removes a terrorist designation on the elite Revolutionary Guards.

Rob Malley, the US particular envoy for Iran, stated {that a} deal was “not simply across the nook and isn’t inevitable”.

The Biden administration has been holding oblique talks, mediated by the EU, with Iran for 12 months within the hope of securing an settlement that will result in Iran drastically decreasing its nuclear exercise. In return, the US would rejoin the accord and raise many sanctions on the Islamic republic.

Western and Iranian officers have for weeks been saying they’re near a deal. However Tehran insists the US meet its ultimate calls for, together with delisting the Revolutionary Guards, the state’s strongest navy pressure, and offering ensures that no future US administration is ready to unilaterally abandon the deal.

“I can’t be assured it’s imminent,” Malley informed a convention in Doha. “A number of months in the past we thought we had been fairly shut as properly. At any negotiation when there’s points that stay open for therefore lengthy, it tells you one thing about how laborious it’s to bridge the hole.”

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The disaster with Iran was triggered by former US President Donald Trump’s determination to desert the accord in 2018 and impose sanctions on the republic, together with the designation on the guards. He additionally imposed sanctions on dozens of Iranian officers, together with President Ebrahim Raisi, earlier than he took energy, and the workplace of Ayatollah Ali Khamenei, the supreme chief.

The guards prepare and arm proxies throughout the Center East and are accused by western powers and their allies of stoking battle and instability throughout the area. The pressure was below US sanctions earlier than Trump designated it a terrorist organisation.

If the Biden administration delisted the guards it might threat triggering a political backlash within the US and infuriating Washington’s companions within the Center East, together with Israel, Saudi Arabia and the United Arab Emirates.

Malley stated the administration had not determined to take away the designation. He reiterated that any settlement to revive the 2015 accord was associated to the nuclear programme and never Iran’s regional exercise or different points.

“So no matter what occurs to the IRGC [guards] . . . our view of the IRGC, the sanctions, and plenty of different sanctions on the IRGC will stay,” he stated. “This isn’t a deal that seeks to resolve that situation.”

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Hossein Amirabdollahian, Iran’s international minister, informed state tv that delisting the guards was a “critical” situation for Tehran.

“What issues to us close to the guards, is that its place, its position and its authorized dignity as an important physique answerable for our nation’s safety and defence, ought to be considered,” he stated.

Amirabdollahian added that the guards’ senior commanders had informed Iranian diplomats that they had been prepared for “self-sacrifice” if the problem was the one stumbling block stopping an settlement. These feedback had been interpreted as an try to deal with public strain on the Islamic regime to seal a deal as Iranians wrestle with financial grievances.

However Amirabdollahian stated Tehran wanted to contemplate all of the state’s points, saying: “We’ll by no means inform Individuals that we will ignore the problem of the guards.”

Kamal Kharrazi, president of Iran’s Strategic Council on International Relations, which advises Khamenei, informed the Doha convention that different points additionally needed to be resolved, together with Tehran’s demand for a assure from Washington that no US president might pull out of the settlement.

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He stated Tehran was prepared for a deal, however “we aren’t going to do something towards our independence”.

Kharrazi added that about 500 Iranians and establishments had been below sanctions imposed by the US “and all of those, or a part of these, have direct financial impression on relations between Iran and western international locations”.

On the problem of Iran’s demand for ensures that no future administration abandons the deal, Malley stated: “We are able to’t make any assurance, any illustration, about what a future administration [does].

“That’s the character of our system,” he stated. “We noticed what occurred . . . when President Trump was in workplace.”

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US stocks stage rally as global markets await election result

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US stocks stage rally as global markets await election result

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US stocks rallied while bonds fell back as Americans headed to the polls in one of the most significant elections in recent memory, with sweeping implications for global markets.

Tuesday’s moves had echoes of the “Trump trades” of recent weeks in which investors bet on bitcoin and stocks and sold Treasuries. They had pared some of those positions on Monday following weekend polls that cast some doubt on Donald Trump’s chances of victory.

The Mexican peso, which typically weakens when Trump is seen to be doing well, hit its lowest level in two years at 20.35 against the dollar.

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“The good news is that the wait for the US election is over, the bad news is that it will be a long night for volatility,” said Bob Savage, head of markets strategy and insights at BNY, who described Tuesday’s mood as “risk on . . . but timidly given the too-close-to-call uncertainty”.

By early afternoon in New York, the blue-chip S&P 500 was up 1.1 per cent while the tech-heavy Nasdaq Composite had gained 1.3 per cent.

Shares in Trump’s lossmaking social media group, Trump Media & Technology, jumped 14 per cent while bitcoin gained more than 4 per cent to trade just below $70,000.

However, the US dollar, which rose in October on expectations of a Trump win, slid to a two-week low against a basket of currencies, down 0.4 per cent on the day.

Wall Street has been preparing for a long night, pausing software updates and booking hotel rooms for suburb-dwelling traders among other logistics.

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“There is a hyped-up sense of anticipation as we await the results,” said Mark Dowding, chief investment officer at RBC BlueBay Asset Management. “We all know how much is at stake on this election outcome, but until the polls close we won’t know which way to jump.”

Tuesday’s sell-off in Treasuries was boosted by unexpectedly strong US service sector data, pushing yields on benchmark 10-year notes to 4.34 per cent, up 0.03 percentage points on the day and close to Friday’s four-month peak of 4.39 per cent.

Investors are anxious that there might not be clarity on the winner of the election running into a critical couple of days for global markets, with interest rate-setting decisions from both the Federal Reserve and Bank of England due on Thursday.

William Vaughan, associate portfolio manager at Brandywine Global Investment Management, said the potential for an unclear election result by the time of the Fed meeting contributed “significant uncertainty”, highlighting the four-day wait until the Associated Press made its call on the winner of the 2020 election.

The Ice BofA Move index, a keenly watched gauge of investors’ expectations of future volatility in US Treasuries, on Monday hit its highest in more than a year as a mixture of political and interest rate uncertainty unsettled the $27tn market.

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Analysts at UBS said levels implied by options on the S&P 500 index suggested the benchmark could swing sharply at the end of the week. The cost of buying protection against swings in exchange rates such as euro-dollar has also jumped.

The knife-edge election is being viewed as a potential watershed moment by investors. If Republicans were to win the White House and both houses of Congress, investors worry that Trump’s promised mixture of tariffs and tax cuts could feed inflation and put upward pressure on interest rates.

That has led to a rally in the dollar and a rise in longer-dated Treasury yields in recent weeks.

European stock markets moved off their lows as Wall Street rallied, leaving the regional benchmark Stoxx 600 index to recover earlier losses and close flat while the UK’s FTSE 100 ended down just 0.1 per cent.

Elsewhere, UK long-term borrowing costs touched a fresh high for the year, with 10-year yields at 4.54 per cent. That topped levels reached after last week’s Budget fed concerns on government borrowing levels.

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Trump and allies have primed supporters to falsely believe he has no chance of losing

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Trump and allies have primed supporters to falsely believe he has no chance of losing

Former President and Republican presidential candidate Donald Trump gestures during a campaign rally in Pittsburgh, Pa., on Monday, the night before Election Day.

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Charly Triballeau/AFP via Getty Images

For more 2024 election coverage from the NPR Network head to our live updates page.

It’s possible former President Donald Trump will win the election — and also quite possible he loses. But many in Trump’s orbit keep falsely telling his supporters the only way that happens is because of cheating.

Polling indicates a competitive race in seven battleground states that will decide if Trump or Vice President Harris is the next president, states where voters’ political and demographic makeups mean there are no guaranteed winners.

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Trump still insists he did not lose the 2020 election, despite numerous recounts and court cases that did not find evidence of fraud. His 2024 campaign is built on that foundation, telling his supporters the only way to “Make America Great Again” in a second term is to vote so that his victory could be “too big to rig.”

A large part of Trump’s closing message in recent weeks has focused on attacking any outcome other than victory as tainted, illegitimate and fraudulent, with no proof or basis in reality.

He has regularly questioned the legality of Harris’ role as the Democratic presidential nominee, calling President Biden’s decision to end his reelection bid and her subsequent selection under Democratic Party rules a “coup.”

After his supporters launched a failed insurrection attempt at the U.S. Capitol on Jan. 6, 2021, Trump has still refused to say if he would accept the results of this election, win or lose.

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Eric Trump and his wife, Republican National Committee Co-Chair Lara Trump high-five during a rally for former President Donald Trump in Reading, Pa., on Monday.

Eric Trump and his wife, Republican National Committee Co-Chair Lara Trump high-five during a rally for former President Donald Trump in Reading, Pa., on Monday.

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Alongside the Republican National Committee, led by his daughter-in-law Lara Trump, Trump’s legal team has planted the seeds to cry foul in several key states if he loses, like Pennsylvania, North Carolina and Georgia, filing numerous lawsuits seeking to disqualify voters and ballots or demand rule changes they say suppress Republican voters.

The final days of the campaign have seen a barrage of baseless claims about voting rules, possible election outcomes and Trump’s chances to win from a constellation of his family, friends and faithful associates.

Social media site X has been home to a proliferation of false fraud claims about the election, and the site’s owner, billionaire Elon Musk, has used his considerable platform to amplify conspiracy theories about ballot counting and other normal election procedures while misleadingly sharing early voting data to claim a “decisive Republican victory.”

On Monday, Trump’s son Donald Trump, Jr. riled up a partially empty arena in North Carolina by urging people to show up to vote en masse so “you don’t give [Democrats] a week to find that magical truck of ballots.”

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Trump himself has posted online that “Pennsylvania is cheating” and often dedicates parts of his rambling rallies to accusing his opponents of cheating while bragging about often-overinflated poll numbers.

In Pittsburgh Monday night at his penultimate presidential campaign rally, Trump said he has been given “about a 96.2% chance” of winning Tuesday, of which there is no evidence.

Many factors go into a Trump loss — or win

Polling, election analysts and math suggests Trump does not have a 96.2% chance of winning enough states to be the Electoral College winner. The reason the race is instead very close is not fraud, but rather several potential warning signs with his third presidential campaign and voters’ reaction to it.

In several of the swing states, there are lingering effects from the public and private pressure campaign he exerted to get Republican lawmakers and officials to overturn his 2020 defeat. The 2022 midterms saw several high-profile Trump-backed candidates who embraced the false fraud claims falter in what otherwise should have been a good year for Republicans.

His feuds with Republicans who defended the election results led to a notable loss of support among independent voters and conservatives who oppose his candidacy.

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Efforts the RNC undertook to make inroads with nonwhite voters in the last election cycle have been abandoned in favor of beefed-up election integrity teams. As a result, much of the get-out-the-vote operation has been outsourced to inexperienced third parties.

After the Supreme Court overturned the longstanding Roe v. Wade decision that guaranteed a national right to obtain abortion care, Republicans have lost ground with women, especially in states that have passed strict abortion bans in the aftermath of that decision.

In many states, Trump’s plea for Republicans to “bank your vote” and participate in early voting appears to have paid off, but election data also shows a sizable share of those voters shifted from Election Day. That could potentially lead to lower Republican turnout Tuesday as part of an overall shift in voter behavior since the pandemic-era 2020 presidential race.

All of these factors could lead to a Trump loss when all the votes are counted, or be footnotes if he wins, but none of them involve the widespread voter fraud he has primed his supporters to be ready for, without cause.

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Kamala Harris and Donald Trump make last-ditch push for votes

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Kamala Harris and Donald Trump make last-ditch push for votes

Kamala Harris and Donald Trump raced across key battleground states in the final hours of campaigning in a last-ditch push for votes, as Americans prepared to head to the polls on Tuesday in one of the closest presidential elections in modern history.

The US vice-president said America was ready for a “fresh start” and claimed the momentum was with her as she held her final rally outside the Philadelphia Museum of Art in Pennsylvania, the biggest prize among the swing states that will decide the election.

“So America, it comes down to this. One more day, just one more day in the most consequential election of our lifetime. And the momentum is on our side,” Harris said.

Trump also campaigned in Pennsylvania, promising supporters in Pittsburgh a new “golden age” for the country if he were to win a second term in office.

The Republican former president later staged his final rally in Grand Rapids, Michigan, with a sprawling speech that ended past 2am.

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“This is the last one,” he said of the event as he urged supporters to vote. “If we get out our people, it’s over, there’s nothing they can do about it . . . To make you feel a little guilty, we would only have you to blame.”

According to the Financial Times poll tracker, Harris holds a 1.5 percentage point lead over Trump nationally. But among the swing states, the vice-president has a narrow lead only in Michigan and Wisconsin, while Nevada is even and Trump has a small edge in Pennsylvania, North Carolina, Georgia and Arizona.

Senior Harris campaign officials said they were on track to win a close contest and believed undecided voters were moving to their side, but they also acknowledged that it could take days to get a final result.

“We are very focused on staying calm and confident throughout this period,” Jen O’ Malley Dillon, the Harris campaign chair, told reporters on Monday afternoon.

From right, Kamala Harris with local restaurant owner Diana de La Rosa, representative Alexandria Ocasio-Cortez and governor Josh Shapiro during a campaign stop in Reading, Pennsylvania, on Monday © Jacquelyn Martin/AP

In the Lehigh Valley region of Pennsylvania, which has a large Puerto Rican community, Harris sought to boost her support among Latinos after a comedian at a Trump rally in New York made offensive comments about the Caribbean island and US territory last month.

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“I don’t believe people who disagree with me are the enemy . . . we are fighting for a democracy right now,” she said.

Harris was supported by Alexandria Ocasio-Cortez, the progressive New York member of the House of Representatives, and by rapper Fat Joe, who attended the rally and urged Latinos to support Harris. “Where is your orgullo? Where is your pride?” the rapper said.

After days of vitriolic and angry campaign rallies that focused more on his grievances against his political foes and bizarre vows to “protect” women, Trump struggled to recalibrate his message on the economy and immigration.

In Reading, Pennsylvania, Trump spoke in front of female supporters holding up pink signs that read: “Women for Trump.”

Supporters hold ‘Women for Trump’ signs behind the Republican nominee as he speaks during a rally in Reading, Pennsylvania, on Monday
Supporters hold ‘Women for Trump’ signs behind the Republican nominee as he speaks during a rally in Pennsylvania on Monday © Chip Somodevilla/Getty Images

In Pittsburgh, former Fox News host Megyn Kelly, with whom Trump openly feuded a few years ago, appeared at his rally to endorse him, while Joe Rogan, the podcaster with a large male following, also announced his support.

“A vote for Trump means your groceries will be cheaper . . . your pay cheques will be higher, your streets will be safer and cleaner, your communities will be richer and your future will be brighter than ever before,” Trump told the crowd in Pittsburgh.

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Trump’s efforts to project a more positive message to voters were undermined when JD Vance, his running mate, called Harris rubbish during a campaign stop in Atlanta, Georgia, earlier in the day.

“In two days, we are going to take out the trash in Washington, DC, and the trash’s name is Kamala Harris,” JD Vance said.

In Grand Rapids, Trump called Harris a “very low IQ person” and a “radical left lunatic who destroyed San Francisco”.

Meanwhile, the first results of the election were released in the tiny hamlet of Dixville Notch, New Hampshire, shortly after midnight local time, with Trump winning three votes and Harris winning three.

Some people who attended Trump’s Pittsburgh rally had travelled long distances. Renée Hughes, a retiree, flew from Sitges, Spain, to vote and attend the rally in her hometown.

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“We have to get our country back,” she said. “We have become an embarrassment. Trump is a real person. He gets us, the normal people, not the elites.”

Holly Gallogly, a retired teacher from Pittsburgh, on the other hand, said: “I voted for Trump in 2016 and 2020, but in the past few months I have moved to become undecided because I struggle with the hate rhetoric.”

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