logo
This is what could happen next after an Israel-Iran ceasefire

This is what could happen next after an Israel-Iran ceasefire

WASHINGTON (AP) — The whipsaw chain of events involving Iran, Israel and the United States that culminated in a surprise ceasefire has raised many questions about how the Trump administration will approach the Middle East going forward.
Yet, the answer to the bottom line question — 'what's next?' — remains unknowable and unpredictable. That is because President Donald Trump has essentially sidelined the traditional U.S. national security apparatus and confined advice and decision-making to a very small group of top aides operating from the White House.
While there is uncertainty about whether the ceasefire between Iran and Israel will hold, it opens the possibility of renewed talks with Tehran over its nuclear program and reinvigorating stalled negotiations in other conflicts.
Watching for next steps on Trump's social media
Outside experts, long consulted by presidential administrations on policy, have been forced like the general public to follow Trump's social media musings and pronouncements for insights on his thinking or the latest turn of events.
Even Congress does not appear to be in the loop as top members were provided only cursory notifications of Trump's weekend decision to hit three Israeli nuclear facilities and briefings on their impact scheduled for Tuesday were abruptly postponed.
State Department spokeswoman Tammy Bruce, whose agency has played a key role in formulating Iran policy for decades, repeatedly on Tuesday deferred questions to the White House and Trump's posts.
'The secretary of state was in a dynamic with the president that is a private dynamic as that team was addressing a war and the nature of how to stop it,' she told reporters. 'I can't speak to how that transpired or the decisions that were made.'
Trump's announcement Monday that Israel and Iran agreed to a ceasefire took many in the administration by surprise — as did his post Tuesday that China is now free to import Iranian oil.
It's an apparent 180-degree shift from Trump's 'maximum pressure campaign' on Iran since he withdrew from the 2015 Iran nuclear agreement during his first term. U.S. officials were left wondering if that meant wide-ranging sanctions aimed at cutting off Iran's energy revenue were being eased or reversed.
Assessing the damage to Iran's nuclear program
While the extent of the damage from 11 days of Israeli attacks and Saturday's strikes by U.S. bunker-buster bombs is not yet fully known, a preliminary assessment from the Defense Intelligence Agency said the nuclear program had been set back only a few months and was not 'completely and fully obliterated' as Trump has said.
According to people familiar with the report, it found that while the strikes at the Fordo, Natanz and Isfahan nuclear sites did significant damage, they were not totally destroyed.
Still, most experts believe the facilities will require months or longer to repair or reconstruct if Iran chooses to try to maintain its program at previous levels.
Vice Admiral Brad Cooper, deputy commander of U.S. Central Command, who has been nominated to lead forces in the Middle East, told lawmakers Tuesday that Iran still possesses 'significant tactical capability' despite the American strikes. He pointed to Iran's attempt to retaliate with missile launches at a U.S. base in Qatar.
In response to a question about whether the Iranians still pose a threat to U.S. troops and Americans worldwide, Cooper replied, 'They do.'
Trump, after announcing the ceasefire, boasted that Iran will never again have a nuclear program.
However, there are serious questions about whether Iran's leadership, which has placed a high premium on maintaining its nuclear capabilities, will be willing to negotiate them away.
Restarting US-Iran nuclear talks is possible
Another major question is what happens with negotiations over Iran's nuclear program. It is not entirely clear who in Iran has the authority to make a deal or even agree to reenter talks with the U.S. or others.
Ray Takeyh, a former State Department official and senior fellow at the Council on Foreign Relations, said Iranian leadership is at a moment of disarray — making it difficult to return to the table.
'The country's leadership and the regime is not cohesive enough to be able to come to some sort of negotiations at this point, especially negotiations from the American perspective, whose conclusion is predetermined, namely, zero enrichment,' he said.
Karim Sadjadpour, an Iran expert at the Carnegie Endowment for International Peace, agreed, saying that 'the biggest challenge right now is who is in charge in Tehran.'
'Is there an Iranian negotiation team empowered to make consequential decisions?' he said. 'The issue is that (Trump) is dealing with an Iranian government whose longtime identity has been based on hostility toward the the United States.'
Still, a U.S. official said Tuesday that special envoy Steve Witkoff is ready to resume negotiations if Trump tells him to and Iran is willing. The official spoke on condition of anonymity to discuss sensitive diplomatic matters.
Witkoff has maintained an open line of direct communication via text messages with Iranian Foreign Minister Abbas Araghchi.
In the aftermath of the U.S. strikes, Vice President JD Vance and Secretary of State Marco Rubio both stressed that diplomacy is still Trump's preferred method for ending the conflict permanently.
'We didn't blow up the diplomacy,' Vance told NBC's 'Meet the Press' on Sunday. 'The diplomacy never was given a real chance by the Iranians. And our hope … is that this maybe can reset here. The Iranians have a choice. They can go down the path of peace or they can go down the path of this ridiculous brinksmanship.'
Rubio echoed those comments.
'We're prepared right now, if they call right now and say we want to meet, let's talk about this, we're prepared to do that,' he said. 'The president's made that clear from the very beginning: His preference is to deal with this issue diplomatically.'
The Israel-Iran ceasefire could affect Trump's approach to other conflicts
If it holds, the ceasefire could offer insight to the Trump administration as it tries to broker peace in several other significant conflicts with ties to Iran.
An end — even a temporary one — to the Iran-Israel hostilities may allow the administration to return to talks with mediators like Egypt and Qatar to seek an end to the war between Israel and the Iranian-backed militant group Hamas.
In Syria, a further shift away from now-weakened Iranian influence — pervasive during ousted leader Bashar Assad's reign — could open new doors for U.S.-Syria cooperation. Trump already has met the leader of the new Syrian government and eased U.S. sanctions.
Similarly, tense U.S. relations with Lebanon also could benefit from a reduced Iranian role in supporting the Hezbollah militant group, which has been a force of its own — rivaling if not outperforming the Lebanese Armed Forces, particularly near the Israeli border.
If an Iran-Israel ceasefire holds, it also could allow Trump the time and space to return to stalled efforts to broker a ceasefire between Russia and Ukraine.
Russia and Iran have substantial economic and military cooperation, including Tehran providing Moscow with drones that the Russian military has relied on heavily in its war against Ukraine.
Russia has stepped up attacks on Ukraine in recent days as Israel attacked sites in Iran, perhaps expecting the world's attention to shift away from its three-year-old invasion.
___
AP writers Aamer Madhani and Eric Tucker contributed to this report.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Senators prep for a weekend of work to meet Trump's deadline for passing his tax and spending cuts

time29 minutes ago

Senators prep for a weekend of work to meet Trump's deadline for passing his tax and spending cuts

WASHINGTON -- The Senate is expected to grind through a rare weekend session as Republicans race to pass President Donald Trump's package of tax breaks and spending cuts by his July Fourth deadline. Republicans are using their majorities in Congress to push aside Democratic opposition, but they have run into a series of political and policy setbacks. Not all GOP lawmakers are on board with proposals to reduce spending on Medicaid, food stamps and other programs as a way to help cover the cost of extending some $3.8 trillion in Trump tax breaks. The 940-page bill was released shortly before midnight Friday. Senators were expected to take a procedural vote Saturday to begin debate on the legislation, but the timing was uncertain and there is a long path ahead, with at least 10 hours of debate time and an all-night voting session on countless amendments. Senate passage could be days away, and the bill would need to return to the House for a final round of votes before it could reach the White House. 'It's evolving,' said Senate Majority Leader John Thune, R-S.D., as he prepared to close up the chamber late Friday. The weekend session could be a make-or-break moment for Trump's party, which has invested much of its political capital on his signature domestic policy plan. Trump is pushing Congress to wrap it up, even as he sometimes gives mixed signals, allowing for more time. At recent events at the White House, including Friday, Trump has admonished the 'grandstanders' among GOP holdouts to fall in line. 'We can get it done,' Trump said in a social media post. 'It will be a wonderful Celebration for our Country.' The legislation is an ambitious but complicated series of GOP priorities. At its core, it would make permanent many of the tax breaks from Trump's first term that would otherwise expire by year's end if Congress fails to act, resulting in a potential tax increase on Americans. The bill would add new breaks, including no taxes on tips, and commit $350 billion to national security, including for Trump's mass deportation agenda. But the spending cuts that Republicans are relying on to offset the lost tax revenues are causing dissent within the GOP ranks. Some lawmakers say the cuts go too far, particularly for people receiving health care through Medicaid. Meanwhile, conservatives, worried about the nation's debt, are pushing for steeper cuts. Sen. Thom Tillis, R-N.C., said he is concerned about the fundamentals of the package and will not support the procedural motion to begin debate. 'I'm voting no on the motion to proceed,' he said. Sen. Ron Johnson, R-Wis., pushing for deeper cuts, said he needed to see the final legislative text. The release of that draft had been delayed as the Senate parliamentarian reviewed the bill to ensure it complied with the chamber's strict 'Byrd Rule,' named for the late Sen. Robert C. Byrd, It largely bars policy matters from inclusion in budget bills unless a provision can get 60 votes to overcome objections. That would be a tall order in a Senate with a 53-47 GOP edge and Democrats unified against Trump's bill. Republicans suffered a series of setbacks after several proposals were determined to be out of compliance by the chief arbiter of the Senate's rules. One plan would have shifted some food stamp costs from the federal government to the states; a second would have gutted the funding structure of the Consumer Financial Protection Bureau. But over the past days, Republicans have quickly revised those proposals and reinstated them. The final text includes a proposal for cuts to a Medicaid provider tax that had run into parliamentary objections and opposition from several senators worried about the fate of rural hospitals. The new version extends the start date for those cuts and establishes a $25 billion fund to aid rural hospitals and providers. Most states impose the provider tax as a way to boost federal Medicaid reimbursements. Some Republicans argue that is a scam and should be abolished. The nonpartisan Congressional Budget Office has said that under the House-passed version of the bill, some 10.9 million more people would go without health care and at least 3 million fewer would qualify for food aid. The CBO has not yet publicly assessed the Senate draft, which proposes steeper reductions. Top income-earners would see about a $12,000 tax cut under the House bill, while the poorest Americans would face a $1,600 tax increase, the CBO said. One unresolved issue remains the so-called SALT provision, a deduction for state and local taxes that has been a top priority of lawmakers from New York and other high-tax states. The cap is now $10,000. The White House and House Republicans had narrowed in on a plan for a $40,000 cap, but for five years instead of 10. Republican senators says that's too generous. At least one House GOP holdout, Rep. Nick LaLota of New York, said he cannot support the compromise. Senate Democratic leader Chuck Schumer of New York said Republicans are rushing to finish the bill before the public fully knows what's in it. 'There's no good reason for Republicans to chase a silly deadline,' Schumer said. House Speaker Mike Johnson, who sent his colleagues home for the weekend with plans to be on call to return to Washington, said they are 'very close' to finishing up. 'We would still like to meet that July Fourth, self-imposed deadline,' said Johnson, R-La. With the narrow Republicans majorities in the House and Senate, leaders need almost every lawmaker on board to ensure passage. Johnson and Thune have stayed close to the White House, relying on Trump to pressure holdout lawmakers.

Wind, Solar Credits Face Shorter Phase-Out in GOP's New Tax Bill
Wind, Solar Credits Face Shorter Phase-Out in GOP's New Tax Bill

Bloomberg

time30 minutes ago

  • Bloomberg

Wind, Solar Credits Face Shorter Phase-Out in GOP's New Tax Bill

Key tax incentives for US wind and solar projects would face a more aggressive phase-out in the Senate's latest version of President Donald Trump's spending package. The tweak, which follows pushback by Trump on the Inflation Reduction Act credits, would sharply limit the number of solar and wind farms that qualify for incentives, appeasing opponents while risking the ire of moderate members who argued for a slower phase-out.

Can PayPal Stock Hit $125 in 2025?
Can PayPal Stock Hit $125 in 2025?

Yahoo

time33 minutes ago

  • Yahoo

Can PayPal Stock Hit $125 in 2025?

Digital payment giant PayPal's (PYPL) story has been anything but smooth. After soaring in 2020 and carrying the momentum into early 2021, PYPL stock stumbled, ending three consecutive years in the red. While 2024 brought a much-needed rebound, 2025 has seen shares slip once again. Much of PayPal's decline can be traced to rising competition. Newer, faster fintech rivals have outpaced the company with sleeker, more intuitive payment solutions. Still, PayPal isn't going down without a fight. In response, PayPal brought in CEO Alex Chriss in 2023 to reset its strategy. Under his leadership, the company has launched features like one-click and express checkout while sharpening its focus on profitable growth and operational efficiency. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! PayPal's ever-expanding partner network — featuring giants such as Amazon (AMZN), Shopify (SHOP), Apple (AAPL), Alphabet (GOOGL), and Meta Platforms (META) — also remains a powerful asset. With Wall Street's highest target pegged at $125 for the stock, can PayPal rally hard enough to hit that mark before the year wraps? PayPal runs a global technology platform that connects merchants and consumers through a dynamic two-sided network. Whether shopping online or in-person, users can pay, get paid, transfer, or withdraw funds using a wide range of options, including bank accounts and cards, PayPal and Venmo balances, cryptocurrency, and more — making digital payments seamless and accessible worldwide. With its market capitalization currently hovering around $71 billion, PayPal remains a major player in the fintech space. However, its stock performance tells a different story. Delivering a 25% return over the past one year, the stock has taken a 14% hit so far in 2025, underperforming the broader S&P 500 Index ($SPX) by a wide margin, with the benchmark up 4.4% year-to-date (YTD). PYPL stock touched a YTD high of $93.25 in January but has since fallen more than 21% from that peak. Considering its sluggish price action, PayPal now appears to be a potential value play. The stock is trading at just 14 times forward earnings and 2.25 times sales, which is significantly below its five-year averages. For investors hunting for discounted fintech names, PayPal's current valuation could offer an attractive entry point. PayPal delivered its fiscal 2025 first-quarter earnings on April 29. The results were a mixed bag, showing a slight revenue miss but a strong profit beat. Sales rose just 1% year-over-year (YOY) to $7.8 billion, falling short of expectations. However, the company made it clear this was by design. PayPal emphasized its strategic pivot toward profitability, deliberately phasing out lower-margin revenue streams. That shift paid off on the bottom line. Adjusted EPS came in at $1.33, up 23% from a year ago and beating Wall Street estimates by an impressive 15.7% margin. PayPal continued to strengthen its financial footing in Q1, with transaction margin dollars — the company's core profitability metric — rising 7% to $3.7 billion. Active accounts grew 2% YOY to reach 436 million, reflecting steady user engagement. Backed by a strong balance sheet with $15.8 billion in cash, cash equivalents, and investments, PayPal also returned $1.5 billion to shareholders through share repurchases, underscoring its commitment to capital returns. Reflecting on the Q1 performance, Chriss noted, 'PayPal had a great start to the year and our strategy is working. This is our fifth consecutive quarter of profitable growth with progress across branded checkout, PSP, omnichannel, and Venmo.' Looking ahead, PayPal offered a dose of optimism with strong Q2 guidance, projecting adjusted EPS between $1.29 and $1.31, signaling continued momentum on the profitability front. For the full year, the company took a more cautious stance. Citing ongoing global macroeconomic uncertainty, PayPal reaffirmed its earlier guidance, expecting full-year EPS to land between $4.95 and $5.10. By comparison, analysts tracking PayPal project the company's profit to grow 9.3% annually to $5.08 per share in fiscal 2025, followed by an even stronger 11% rise to $5.64 in fiscal 2026. Overall, Wall Street sentiment toward PYPL stock remains cautiously upbeat, with analysts giving it a consensus 'Moderate Buy' rating. Of the 44 analysts offering recommendations, 16 give it a solid 'Strong Buy" rating, two suggest a 'Moderate Buy,' 22 give a 'Hold,' and the remaining four advocate for a 'Strong Sell" rating. PYPL stock's average analyst price target of $79.81 indicates 9% potential upside. But the Street-high target of $125 tells a more bullish story, implying a potential rally of 70% if the company's turnaround strategy hits its stride. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store