President Donald Trump announced plans for the United States to collaborate with Iran in locating and eliminating deeply buried enriched uranium, referred to as nuclear ‘dust,’ following previous strikes by the US and Israel. Trump also stated that Iran would halt its uranium enrichment activities, a demand Tehran had previously rejected, and asserted that Iran is undergoing a regime change.
In a message on Truth Social, Trump emphasized, “The United States will engage closely with Iran, which, according to our assessment, is experiencing a significant Regime Change!” He added, “There will be no Uranium enrichment, and in collaboration with Iran, the US will locate and remove all the deeply buried Nuclear ‘Dust’ with precision satellite surveillance (Space Force!).”
Furthermore, Trump mentioned ongoing discussions regarding tariff and sanctions relief with Iran, with progress made on many of the 15 outlined points. He warned that any country supplying military weapons to Iran would face a 50% tariff on goods sold to the US.
Trump’s statement on Iran’s acceptance of elements of his 15-point plan followed his acknowledgment of a 10-point ceasefire proposal from Iran as “feasible.” While Iran has not confirmed cooperation in retrieving the buried uranium, a two-week ceasefire agreement among Iran, the US, and Israel was reached after Trump’s threats to devastate Iranian civilization if demands regarding the Strait of Hormuz were not met.
Vice-President JD Vance labeled the ceasefire as “fragile,” as incidents in Iran and Gulf Arab nations occurred post-agreement. Vance, speaking in Budapest, noted mixed sentiments in Iran toward the truce, highlighting challenges in negotiating and implementing agreements.
The financial markets responded positively to the temporary ceasefire, easing concerns over global energy supply disruptions. Brent crude oil prices dropped around 14% to $94 a barrel, though they remained higher than pre-war levels due to uncertainty surrounding the conflict and shipping routes through the Strait of Hormuz, potentially controlled by Iran. Before the conflict, Brent crude oil futures traded at $72.29 a barrel.
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