Regional
Iran may pause enrichment for US nod on nuclear rights, release of frozen funds, Iranian sources say
Iranian Foreign Ministry spokesman Esmaeil Baghaei denied Reuters report and said “enrichment in Iran is a non-negotiable principle.”
Iran may pause uranium enrichment if the U.S. releases frozen Iranian funds and recognises Tehran’s right to refine uranium for civilian use under a “political deal” that could lead to a broader nuclear accord, two Iranian official sources said.
The sources, close to the negotiating team, said on Wednesday a “political understanding with the United States could be reached soon” if Washington accepted Tehran’s conditions. One of the sources said the matter “has not been discussed yet” during the talks with the United States, Reuters reported.
The sources told Reuters that under this arrangement, Tehran would halt uranium enrichment for a year, ship part of its highly enriched stock abroad or convert it into fuel plates for civilian nuclear purposes.
A temporary pause to enrichment would be a way to overcome an impasse over clashing red lines after five rounds of talks between Iranian Foreign Minister Abbas Araqchi and Trump’s Middle East envoy Steve Witkoff to resolve a decades-long dispute over Tehran’s nuclear programme.
U.S. officials have repeatedly said that any new nuclear deal with Iran – to replace a failed 2015 accord between Tehran and six world powers – must include a commitment to scrap enrichment, viewed as a potential pathway to developing nuclear bombs.
The Islamic Republic has repeatedly denied such intentions, saying it wants nuclear energy only for civilian purposes, and has publicly rejected Washington’s demand to scrap enrichment as an attack on its national sovereignty.
In Washington, a U.S. official told Reuters the proposal aired by the Iranian sources had not been brought to the negotiating table to date. The U.S. State Department did not immediately respond to requests for comment on this article.
Iran’s semi-official Fars news agency said Iranian Foreign Ministry spokesman Esmaeil Baghaei denied Reuters report and said “enrichment in Iran is a non-negotiable principle.”
The Iranian sources said Tehran would not agree to dismantling of its nuclear programme or infrastructure or sealing of its nuclear installations as demanded by U.S. President Donald Trump’s administration, read the report.
Instead, they said, Trump must publicly recognise Iran’s sovereign right to enrichment as a member of the nuclear Non-Proliferation Treaty and authorise a release of Iranian oil revenues frozen by sanctions, including $6 billion in Qatar.
Iran has not yet been able to access the $6 billion parked in a Qatar bank that was unfrozen under a U.S.-Iranian prisoner swap in 2023, during U.S. President Joe Biden’s administration.
“Tehran wants its funds to be transferred to Iran with no conditions or limitations. If that means lifting some sanctions, then it should be done too,” the second source said.
The sources said the political agreement would give the current nuclear diplomacy a greater chance to yield results by providing more time to hammer out a consensus on hard-to-bridge issues needed for a permanent treaty.
“The idea is not to reach an interim deal, it would (rather) be a political agreement to show both sides are seeking to defuse tensions,” said the second Iranian source.
Western diplomats are sceptical of chances for U.S.-Iranian reconciliation on enrichment. They warn that a temporary political agreement would face resistance from European powers unless Iran displayed a serious commitment to scaling back its nuclear activity with verification by the U.N. nuclear watchdog.
Even if gaps over enrichment narrow, lifting sanctions quickly would remain difficult. The U.S. favours phasing out nuclear-related sanctions while Iran demands immediate removal of all U.S.-imposed curbs that impair its oil-based economy.
Asked whether critical U.S. sanctions, reimposed since 2018 when Trump withdrew Washington from the 2015 pact, could be rescinded during an enrichment pause, the first source said: “There have been discussions over how to lift the sanctions during the five rounds of talks.”
Dozens of Iranian institutions vital to Iran’s economy, including its central bank and national oil company, have been sanctioned since 2018 for, according to Washington, “supporting terrorism or weapons proliferation”.
Iran’s clerical establishment is grappling with mounting crises – energy and water shortages, a plunge in the value of its currency, losses among regional militia proxies in wars with Israel, and growing fears of an Israeli strike on its nuclear sites – all exacerbated by Trump’s hardline stance, Reuters reported.
Trump’s revival of a “maximum pressure” campaign against Tehran since he re-entered the White House in January has included tightened sanctions and threats to bomb Iran if current negotiations yield no deal.
Iranian officials told Reuters last week that Tehran’s leadership “has no better option” than a new deal to avert economic chaos at home that could jeopardise clerical rule.
Nationwide protests over social repression and economic hardship in recent years met with harsh crackdowns but exposed the Islamic Republic’s vulnerability to public discontent and drew more Western sanctions over human rights violations.
Regional
Fourteen Pakistani police officers killed in KP car bombing and shootout
The death toll from a suicide attack on a security post in northwest Pakistan rose to 14 police officers, authorities said early Sunday.
A suicide bomber and several gunmen detonated an explosives-laden vehicle near the post in Bannu, a district in Khyber Pakhtunkhwa province, late Saturday, said senior police official Sajjad Khan. The attack triggered an intense shootout, and some officers were killed in the exchange, while others died later after the building collapsed, the Associated Press reported.
Rescuers conducted an hourslong search operation using heavy machinery to retrieve bodies from under the rubble, Khan said, adding that three police officers were wounded in the attack.
Security forces have also launched an operation to track down the perpetrators.
A newly formed militant group, Ittehad-ul-Mujahideen Pakistan, claimed responsibility for the attack.
Regional
UAE countering Iranian air attack after Trump says ceasefire still in effect
U.S. ally the United Arab Emirates said its air defences were engaging missile and drone threats from Iran early on Friday in a further test of the shaky, month-long ceasefire between the U.S. and Iran.
There were few details immediately available about the latest attack on the UAE, which came a day after the U.S. and Iran exchanged fire around the Strait of Hormuz, and as Washington awaited a response from Tehran to its proposal to end the conflict. Iran has often targeted the UAE and other Gulf countries that host U.S. bases since the war began on February 28, Reuters reported.
President Donald Trump said on Thursday three U.S. Navy destroyers were attacked as they moved through the strait, a conduit for around a fifth of the world’s oil and liquefied natural gas flows that Iran has all but closed since the conflict started.
“Three World Class American Destroyers just transited, very successfully, out of the Strait of Hormuz, under fire. There was no damage done to the three Destroyers, but great damage done to the Iranian attackers,” Trump wrote on Truth Social.
Trump later told reporters the ceasefire was still in effect and sought to play down the exchange.
“They trifled with us today. We blew them away,” Trump said in Washington.
Iran’s top joint military command accused the U.S. of violating the ceasefire by targeting an Iranian oil tanker and another ship, and of carrying out air attacks on civilian areas on Qeshm Island in the Strait of Hormuz and the nearby coastal areas of Bandar Khamir and Sirik on the mainland. The military said it responded by attacking U.S. military vessels east of the strait and south of the port of Chabahar.
A spokesperson for Iran’s Khatam al-Anbiya Central Headquarters said the Iranian strikes inflicted “significant damage,” but U.S. Central Command said none of its assets were hit.
Iran’s Press TV later reported that, following several hours of fire, “the situation on Iranian islands and coastal cities by the Strait of Hormuz is back to normal now.”
The two sides have occasionally exchanged gunfire since the ceasefire took effect on April 7, with Iran hitting targets in Gulf countries including the UAE.
Oil prices rose in early trade in Asia on Friday, with Brent crude jumping above $100 a barrel after the latest clashes between the U.S. and Iran.
TRUMP URGES NEGOTIATED END TO WAR
Trump suggested ongoing talks with Tehran remained on track despite Thursday’s hostilities, telling reporters, “We’re negotiating with the Iranians.”
Before the latest strikes, the U.S. had floated a proposal that would formally end the conflict but did not address key U.S. demands that Iran suspend its nuclear work and reopen the strait.
Tehran said it had not yet reached a decision on the emerging plan.
Even so, Trump said Tehran had acknowledged his demand that Iran could never get a nuclear weapon, a prohibition he said was spelled out in the U.S. proposal.
“There’s zero chance. And they know that, and they’ve agreed to that. Let’s see if they are willing to sign it,” Trump said.
Asked when any deal might be reached, Trump said, “It might not happen, but it could happen any day. I believe they want to deal more than I do.”
The war has tested Trump’s relationship with his U.S. base of supporters, after he had campaigned against involving the United States in foreign wars and promised to bring down fuel prices.
Average U.S. gasoline prices have climbed more than 40% since late February, rising by about $1.20 a gallon to more than $4, according to data from the American Automobile Association, as disruptions to oil shipments through the Strait of Hormuz pushed crude oil prices higher.
Regional
US and Iran closing in on one-page memo to end war, Axios reports
The U.S. State Department and White House did not immediately respond to a request for comment.
The White House believes it is getting close to an agreement with Iran on a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations, Axios reported on Wednesday, citing two U.S. officials and two other sources briefed on the issue.
The U.S. expects Iranian responses on several key points in the next 48 hours, according to the report which cautioned that nothing has been agreed yet but said this was the closest the parties had been to an agreement since the war began, Reuters reported.
Among other provisions, the deal would involve Iran committing to a moratorium on nuclear enrichment, the U.S. agreeing to lift its sanctions and release billions in frozen Iranian funds, and both sides lifting restrictions around transit through the Strait of Hormuz, Axios said.
The one-page, 14-point memorandum of understanding is being negotiated between U.S. envoys Steve Witkoff and Jared Kushner and several Iranian officials, both directly and through mediators, the report said.
In its current form, the memorandum would declare an end to the war in the region and the start of a 30-day period of negotiations on a detailed agreement to open the strait, limit Iran’s nuclear programme and lift U.S. sanctions, Axios added.
Iran’s restrictions on shipping through the strait and the U.S. naval blockade would be gradually lifted during that 30-day period, Axios said, citing one U.S. official who added that if the negotiations collapse, U.S. forces would be able to restore the blockade or resume military action, read the report.
Iran said earlier on Wednesday it would accept a peace deal only if it was “fair”, after U.S. President Donald Trump paused a three-day-old naval mission tasked with reopening the Strait of Hormuz that had shaken the war’s month-old ceasefire.
Reuters could not immediately verify the report. The U.S. State Department and White House did not immediately respond to a request for comment.
U.S. stock index futures extended gains following the Axios report.
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