logo
A week into the fragile Israel-Iran peace agreement, here's what we still don't know

A week into the fragile Israel-Iran peace agreement, here's what we still don't know

DUBAI, United Arab Emirates (AP) — It's been a week since the United States pressed Israel and Iran into a truce, ending a bloody, 12-day conflict that had set the Middle East and globe on edge.
The fragile peace, brokered by the U.S. the day after it dropped 30,000-pound 'bunker-busting' bombs on three of Iran's key nuclear sites, is holding. But much remains unsettled.
How badly Iran's nuclear program was set back remains murky. The prospects of renewed U.S.-Iran peace talks are up in the air. And whether U.S. President Donald Trump can leverage the moment to get Israeli Prime Minister Benjamin Netanyahu 's government and Hamas focused on a ceasefire and hostage deal that brings about an end to the 20-month war in Gaza remains an open question.
Here is a look at what we still don't know:
How far Iran's nuclear program has been set back
Trump says three targets hit by American strikes were 'obliterated.' His defense secretary said they were 'destroyed.'
A preliminary report issued by the U.S. Defense Intelligence Agency, meanwhile, said the strikes did significant damage to the Fordo, Natanz and Isfahan sites, but did not totally destroy the facilities.
Rafael Grossi, head of the International Atomic Energy Agency, said on CBS' 'Face the Nation' on Sunday that the three Iranian sites with 'capabilities in terms of treatment, conversion and enrichment of uranium have been destroyed to an important degree.' But, he added, 'some is still standing' and that because capabilities remain, 'if they so wish, they will be able to start doing this again.' He said assessing the full damage comes down to Iran allowing inspectors access.
What future US-Iran relations might look like
After the ceasefire deal came together, Trump spoke of potentially easing decades of biting sanctions on Tehran and predicted that Iran could become a 'great trading nation' if it pulled back once-and-for-all from its nuclear program.
The talk of harmony didn't last long.
Ayatollah Ali Khamenei, in his first public appearance after the ceasefire was announced, claimed Tehran had delivered a 'slap to America's face.' Trump responded by suggesting the supreme leader own up to the fact Iran 'got beat to hell. The president also said he was backing off reviewing any immediate sanction relief, because of Khamenei's heated comments.
White House officials say the U.S. and Iran are already in early discussions about resuming negotiations that had ended after Israel began launching strikes. But Iranian Foreign Minister Abbas Araghchi says there's no agreement in place to restart talks.
It's unclear if Iran's leadership is ready to come to the table so soon after the fighting has ended — especially if Trump holds to the position that Iran must give up nuclear enrichment for even civilian use. And Trump has offered conflicting statements about his commitment to talks. 'We may sign an agreement,' he said Wednesday at a NATO summit press conference. He added, 'I don't think it's that necessary.'
What role Iran's supreme leader will play
Khamenei's age and recent diminished appearance have raised questions about the scope of his involvement in U.S.-Iran relations and the Islamic Republic's response to both American and Israeli strikes. But despite having spent the last few weeks in a bunker as threats to his life escalated, there is little indication that the ayatollah does not still reign supreme over the country's massive military and governmental operations.
Khamenei has ruled three times longer than his predecessor, the late Ruhollah Khomeini, and has shaped life for the country's more than 90 million people perhaps even more dramatically.
He entrenched the system of rule by the 'mullahs,' or Shiite Muslim clerics. That secured his place in the eyes of hard-liners as the unquestionable authority, below only that of God. At the same time, Khamenei built the paramilitary Revolutionary Guard into the dominant force in Iran's military and internal politics.
How Iran might strike back
Iran's retaliatory missile attacks on a U.S. base in Qatar following the American bombardment were sloughed off by the White House as a half-hearted, face-saving measure. The U.S. was forewarned and the salvos were easily fended off.
Yet Iran remains a persistent threat, particularly via cyberwarfare. Hackers backing Tehran have already targeted U.S. banks, defense contractors and oil industry companies — but so far have not caused widespread disruptions to critical infrastructure or the economy.
The U.S. Department of Homeland Security last week issued a public bulletin warning of increased Iranian cyber threats. And the U.S. Cybersecurity and Infrastructure Security Agency, is urging organizations that operate critical infrastructure like water systems, pipelines or power plants to stay vigilant.
Whether the Israel-Iran ceasefire will hold
It remains a fragile peace.
Immediately following the U.S. strikes, Trump got on the phone with Netanyahu and told the Israeli leader not to expect further U.S. offensive military action, according to a senior White House official who was not authorized to comment publicly about the sensitive diplomatic talks.
But even as he agreed to deal, Netanyahu made clear that Israel will strike again 'if anyone in Iran tries to revive this project.'
The ceasefire deal came without any agreement from Tehran on dismantling its nuclear program. Khamenei claims the attacks 'did nothing significant' to Iran's nuclear facilities.
Trump expressed confidence that Iran, at the moment, has no interest in getting its nuclear program back up. 'The last thing they're thinking about right now is enriched uranium,' Trump said.
Still, Trump says he expects Iran to open itself to international inspection to verify that it doesn't restart its nuclear program by the International Atomic Energy Agency, the U.N. nuclear watchdog, or some other organization 'that we respect, including ourselves.'
Whether Trump can now press Netanyahu on Gaza
The president took a big gamble with his decision to order strikes on Iran's nuclear fortress.
As a candidate, he promised to quickly end Russia's brutal war in Ukraine and the Israel-Hamas conflict in Gaza, but has failed to find a resolution to either. He also vowed to keep the U.S. military out of foreign conflicts.
But after helping Israel with U.S. strikes on Iran, Trump — in conversations with Netanyahu and other world leaders in recent days — has made clear he wants a deal completed soon, according to two people familiar with the private discussions and were not authorized to comment publicly.
On Friday, Trump told reporters, 'We think within the next week we're going to get a ceasefire.'
Trump didn't offer any further explanation for his optimism. But Israeli Minister for Strategic Affairs Ron Dermer is expected to be in Washington this week for talks on a Gaza ceasefire, Iran and other matters, according to an official familiar with the matter. The official spoke on condition of anonymity because they were not authorized to speak to the media.
___
Madhani reported from Washington. Associated Press writers Stephanie Liechtenstein in Vienna, Wafaa Shurafa in Deir al-Balah, Gaza Strip, Sam Mednick in Tel Aviv, Israel, and David Klepper in Washington contributed to this report.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US prices for China-made goods on Amazon rise faster than inflation as tariffs bite
US prices for China-made goods on Amazon rise faster than inflation as tariffs bite

CTV News

time23 minutes ago

  • CTV News

US prices for China-made goods on Amazon rise faster than inflation as tariffs bite

This May 3, 2018, photo shows boxes on a conveyor belt during a tour of the Amazon fulfillment centre. (AP Photo/David Zalubowski) NEW YORK — Prices for goods made in China and sold on have been rising faster than overall inflation, according to an analysis of 1,400 different products conducted exclusively for Reuters by the analytics firm DataWeave, a sign that tariffs are starting to hit American consumers. The analysis shows that price increases for those goods accelerated beginning in May, a signal U.S. President Donald Trump's tariffs are starting to filter through to consumers. The median price of a basket of more than 1,400 products made in China and sold on to U.S. buyers has gone up by 2.6 per cent between January and mid-June, outpacing the latest U.S. inflation rate for core goods, which runs only through May. Price increases vary depending on the item sold, and prices for some goods declined. For the six months through May, core goods CPI - which excludes services - rose by one per cent, implying a two per cent annualized rate. Both the federal data and DataWeave's study show that goods costs have trended upward in the last couple of months as tariffs begin to exert pressure on prices. DataWeave analyzed more than 25,000 items, focusing on 1,407 products sold on Amazon because those clearly list China as the country of origin. The firm used median prices rather than averages, since averages can be skewed by short-term price spikes or unusually high or low values. The basket of China-made goods includes products sold by Amazon as well as its third-party sellers. Third-party sellers account for 62 per cent of all products sold on Amazon. The goods rising at the fastest rate include school and office supplies, electronic items such as printers and shredders, blank media items like CDs and DVDs, and home goods such as furnishings and cookware. China, which shipped US$438.9 billion of goods last year to the U.S., is a big global supplier in all of these categories. Of the 1,407 items tracked in the DataWeave study between January and June 17, 475 showed price increases, 633 remained unchanged, and 299 saw price declines. For example, a Hamilton Beach electric kettle climbed to a median $73.21 from $49.99, while the price of a GreenPan frying pan more than doubled to $31.99. Through April, inflation across that product group remained modest. Prices increased more sharply in May and accelerated into June, particularly in the Home & Furniture and Electronics categories, which showed a median increase of 3.5 per cent and 3.1 per cent, respectively, over the time frame of the study. Seasonal dynamics could play a role, but the timing and rate suggest cost shocks are rippling through the retail supply chain, said Karthik Bettadapura, co-founder and CEO of DataWeave. 'Even modest duties can translate quickly when margins are thin and replenishment cycles are fast. What we're seeing in June is the first broad-based price step-up, as sellers begin adjusting to higher landed costs,' Bettadapura said. Amazon said it has not seen the average prices of products change up or down appreciably outside of typical fluctuations. 'Any comparison of a small number of products does not reflect prices more broadly across the hundreds of millions of products available on Amazon,' an Amazon spokesperson said in a statement. Numerous consumer companies have warned of tariff-led price hikes, including the largest U.S. retailer Walmart. Department store chain Macy's M.N said it was selectively raising prices to offset tariffs. Nike, which recently started selling on Amazon after a six-year break, said it would raise prices across various products starting June 1. Trump has defended tariffs as necessary to rebalance global trade and boost U.S. manufacturing output. Amazon's CEO Andy Jassy said in May the company worked with sellers to move orders to the U.S. ahead of tariffs, and it remained 'maniacally focused' on keeping prices low. At the time, he said average selling prices had not appreciably risen. Retailers have been cautious in passing along the cost of tariffs due to weakening U.S. consumer sentiment and high interest rates. Retail trade sales dipped 0.9 per cent in May from April, while consumer spending also fell unexpectedly in the month, according to federal data. 'We think that firms are likely opting to delay price increases,' Claudio Irigoyen, economist at Bank of America Securities, wrote earlier this month. U.S. tariffs currently in place include a 10 per cent universal tariff, 50 per cent on steel and aluminum products, and 25 per cent on cars and auto parts. Additional steel tariffs took effect on June 23, which could cause 'further price pressure on cookware, kettles, small kitchen appliances, and other household essentials in the next few months,' Bettadapura said. (Reporting by Siddharth Cavale in New York; Editing by David Gaffen, Lisa Jucca and David Gregorio)

Arizona Metals releases multi-billion-dollar resource estimate
Arizona Metals releases multi-billion-dollar resource estimate

The Market Online

time25 minutes ago

  • The Market Online

Arizona Metals releases multi-billion-dollar resource estimate

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here. Arizona Metals (TSX:AMC) released an initial resource estimate for its Kay Mine project in Yavapai County, Arizona Indicated resources alone stand at more than 650 million pounds of copper equivalent, representing more than US$3.25 billion in the ground at the time of writing Arizona Metals is focused on developing a polymetallic portfolio in the U.S. state of Arizona Arizona Metals stock has given back 26.94 per cent year-over-year but remains up by 113.64 per cent since 2020 Arizona Metals (TSX:AMC) released an initial resource estimate for its Kay Mine project in Yavapai County, Arizona. Here's a breakdown: 9.28 million tons at 3.18 per cent copper equivalent (CuEq), or 1.39 grams per ton (g/t) of gold, 27.6 g/t silver, 0.97 per cent copper, 0.33 per cent lead and 2.39 per cent zinc indicated. 0.86 million tons at 2.44 per cent CuEq, or 1.06 g/t gold, 15.4 g/t silver, 0.87 per cent copper, 0.20 per cent lead and 1.68 per cent zinc inferred. The high-grade resource, audited by G Mining Services, is suitable for bulk-tonnage mining and offers 'clear potential to expand between existing drill holes within the deposit, and to upgrade inferred resources,' according to Monday's news release. The company, again in partnership with G Mining Services, is advancing Kay towards a fully funded preliminary economic assessment (PEA) planned for the second half of 2025, which will be supported by recently completed metallurgical work. About 10,000 metres of drilling, also fully funded, will continue through 2025 focused on the Kay North Extension, North-Central and Western targets, all of which will be drilled for the first time, backed by geologic, geochemical and geophysical data. Arizona Metals will also dedicate 5,000 m of drilling to its Sugarloaf Peak gold project in La Paz County, with drilling and road-construction contractors ready to mobilize crews in Q3. Leadership insights ' The release of our initial mineral resource estimate marks a major milestone for Arizona Metals and validates not only the scale, but more importantly, the quality of the Kay project,' Duncan Middlemiss, president and chief executive officer of Arizona Metals, said in a statement. 'With over 650 million pounds of copper equivalent in the indicated category alone—and with the deposit remaining open in multiple directions—we see significant opportunity for expansion through continued drilling. We believe this resource represents just the beginning. With a strong treasury and a PEA on track for release later this year, we're excited to advance the Kay project towards becoming one of the top undeveloped volcanogenic massive sulphide projects in the U.S.' Arizona Metals is focused on developing a polymetallic portfolio in the U.S. state of Arizona, including the 1862-acre Kay project, host to a volcanogenic massive sulphide deposit defined from a depth of 60 m to at least 900 m, and the 4,400-acre Sugarloaf Peak project, boasting a historic estimate of 1.5 million ounces of gold. Arizona Metals stock (TSX:AMC) last traded at C$1.41. The stock has given back 26.94 per cent year-over-year but remains up by 113.64 per cent since 2020. Join the discussion: Find out what everybody's saying about this gold, silver, copper, lead and zinc stock on the Arizona Metals Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards.

Clio Signs Definitive Agreement to Acquire vLex for US$1 Billion, Defining a New Era for AI-Powered Legal Technology
Clio Signs Definitive Agreement to Acquire vLex for US$1 Billion, Defining a New Era for AI-Powered Legal Technology

Cision Canada

time33 minutes ago

  • Cision Canada

Clio Signs Definitive Agreement to Acquire vLex for US$1 Billion, Defining a New Era for AI-Powered Legal Technology

The transformative union of legal research, practice management, and cutting-edge AI marks a category shift in legal technology that converges the business and practice of law This combination further expands Clio's global footprint and unlocks unprecedented agentic AI capabilities, empowering legal professionals to intelligently execute every aspect of legal work The landmark deal marks a turning point in the legal technology sector, uniting the industry's foremost legal research and operational platforms into a single, intelligent system The transaction is valued at US$1 billion, to be paid in a combination of cash and stock VANCOUVER, BC, June 30, 2025 /CNW/ - Clio, the world's leading provider of legal technology, today announced it has signed a definitive agreement to acquire vLex, a pioneer in legal intelligence that combines cutting-edge AI with the world's most comprehensive global legal research platform. The transaction is valued at US$1 billion and will be paid in a combination of cash and stock. This transaction is both a major milestone in Clio's platform evolution and a turning point for the future of legal work. It combines Clio's legal operating system—trusted by more than 200,000 legal professionals—with vLex's cutting-edge legal intelligence platform, which includes Vincent, its groundbreaking AI, built on the industry's most comprehensive global legal database. Together, these platforms establish a new category of intelligent legal technology at the intersection of the business and practice of law, empowering legal professionals to seamlessly manage, research, and execute legal work within a unified system. "This is a watershed moment for Clio and the broader legal profession," said Jack Newton, CEO and Founder of Clio. "For 17 years, we've built the foundational platform that enables law firms to operate at their highest potential. With vLex, we're building on that foundation with technology that understands the substance of the law. By bringing together the business and practice of law in a unified platform, we're revolutionizing every aspect of legal work. This sets the stage for a future powered by agentic AI, and marks the establishment of a new industry category—one that will empower legal professionals to serve clients with unprecedented insight and precision." vLex's industry-leading research and drafting AI, Vincent, is trusted by thousands of legal teams, including Am Law 100 firms, courts, and law societies around the world. Renowned for its accuracy and advanced cross-jurisdictional reasoning, Vincent has transformed legal AI, delivering faster, deeper insights across global matters. It's powered by vLex's proprietary global database of more than a billion editorially enriched legal documents—the most comprehensive global legal library in the world. With cutting-edge capabilities like multimodal audio and video analysis, legal theory testing, and customizable firm workflows, Vincent spans high-value use cases across legal work. "This signals the onset of a transformative era in the legal industry, unlike anything we've seen before," said Lluís Faus, CEO and Co-Founder of vLex. "Together with Clio, we have a bold vision for the future that empowers legal professionals to go beyond traditional research and operational silos, harnessing deeper intelligence and broader impact. With the most comprehensive global legal library and firm insights, Clio and vLex are uniquely positioned to reshape the mechanics of legal work and redefine the trajectory of the profession." This is the most significant acquisition in Clio's history, both in scale and strategic impact. Beyond strengthening the platform, it accelerates the company's ability to deliver on its mission of transforming the legal experience for all. Building on Clio's steady momentum upmarket, the acquisition further expands its global footprint and underscores the vast, untapped opportunity for innovation across the broader legal industry. Clio is now positioned not only to help legal professionals manage their firms, but to power the full delivery of legal services—extending its reach across the trillion-dollar global legal services market. "This acquisition expands the boundaries of what legal technology can achieve," continued Newton. "It unlocks new levels of intelligence and scale that directly advance our mission. We're shaping a future where legal services are more insightful, connected, and accessible than ever before." The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals. Goldman Sachs acted as Clio's exclusive financial advisor. Law firms Osler, Hoskin & Harcourt LLP, Wilson Sonsini Goodrich & Rosati and Gowling WLG served as legal counsel to Clio. J.P. Morgan acted as vLex's exclusive financial advisor. Law firms A&O Shearman and Uría Menéndez served as legal advisors to vLex. About Clio Since its inception in 2008, Clio has revolutionized the landscape of cloud-based and AI legal technology, emerging as the leader of innovation and integration. By offering advanced yet intuitive legal software, Clio has redefined efficiency and client service, setting the standard for legal professionals across the globe. With an unwavering commitment to groundbreaking innovation and customer success, Clio stands as the preeminent authority in legaltech, continuously pushing the boundaries of the sector's evolution. Explore the future of legal technology with Clio at About vLex vLex, an Oakley Capital portfolio company, has pioneered legal intelligence and AI-powered research since its founding in Barcelona in 2000. By combining the world's most extensive legal database with cutting-edge AI, vLex has redefined how legal professionals access, analyze, and apply knowledge, setting new standards for precision and efficiency across the legal industry. With an unwavering commitment to innovation, and serving customers in over 110 countries, vLex is continuously advancing the boundaries of what's possible for lawyers. Discover the future of legal research and practice at

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