The post UN sanctions to snap back on Iran as deadline expires tonight appeared on BitcoinEthereumNews.com. United Nations penalties will return on Iran tonight after the Islamic Republic failed to meet conditions set by the UK, Germany and France. The three governments triggered the “snapback” clause of the 2015 nuclear deal last month, giving Tehran 30 days to comply. That deadline expires Saturday night, according to the Financial Times. The E3 powers wanted Tehran to restart talks with Washington, resume cooperation with the International Atomic Energy Agency, and account for a 408-kilogram uranium stockpile enriched close to weapons grade. Russia and China attempted to extend the timeframe by sponsoring a UN Security Council resolution on Friday, but only four of the body’s 15 members voted in favor. With no extension agreed, the sanctions return automatically. Iran refuses US talks and challenges Western demands Despite a week of UN meetings in New York, European and Iranian officials left without progress. The E3 said Iran would not allow international inspectors into its main nuclear sites. Supreme Leader Ayatollah Ali Khamenei dismissed negotiations with the United States, saying they would show “surrender” and “disgrace.” Iranian leaders placed blame on Washington and European capitals. President Masoud Pezeshkian said Tehran would respond to sanctions but would not leave the Non-Proliferation Treaty, despite pressure from hardliners. “Certain people inside the country think that we certainly should leave the NPT . . . but the supreme leadership held steadfast . . . and that’s our official policy,” Pezeshkian said in New York. “But if they implement the snapback mechanism and subsequent mechanisms, then we need to know how to respond.” Officials in Tehran added that they may again halt cooperation with the IAEA and stop talking with the E3 altogether. The snapback process is part of the 2015 nuclear agreement signed by Iran, the E3, the Obama administration, Russia and China. That accord has been near collapse since Donald Trump, now… The post UN sanctions to snap back on Iran as deadline expires tonight appeared on BitcoinEthereumNews.com. United Nations penalties will return on Iran tonight after the Islamic Republic failed to meet conditions set by the UK, Germany and France. The three governments triggered the “snapback” clause of the 2015 nuclear deal last month, giving Tehran 30 days to comply. That deadline expires Saturday night, according to the Financial Times. The E3 powers wanted Tehran to restart talks with Washington, resume cooperation with the International Atomic Energy Agency, and account for a 408-kilogram uranium stockpile enriched close to weapons grade. Russia and China attempted to extend the timeframe by sponsoring a UN Security Council resolution on Friday, but only four of the body’s 15 members voted in favor. With no extension agreed, the sanctions return automatically. Iran refuses US talks and challenges Western demands Despite a week of UN meetings in New York, European and Iranian officials left without progress. The E3 said Iran would not allow international inspectors into its main nuclear sites. Supreme Leader Ayatollah Ali Khamenei dismissed negotiations with the United States, saying they would show “surrender” and “disgrace.” Iranian leaders placed blame on Washington and European capitals. President Masoud Pezeshkian said Tehran would respond to sanctions but would not leave the Non-Proliferation Treaty, despite pressure from hardliners. “Certain people inside the country think that we certainly should leave the NPT . . . but the supreme leadership held steadfast . . . and that’s our official policy,” Pezeshkian said in New York. “But if they implement the snapback mechanism and subsequent mechanisms, then we need to know how to respond.” Officials in Tehran added that they may again halt cooperation with the IAEA and stop talking with the E3 altogether. The snapback process is part of the 2015 nuclear agreement signed by Iran, the E3, the Obama administration, Russia and China. That accord has been near collapse since Donald Trump, now…

UN sanctions to snap back on Iran as deadline expires tonight

United Nations penalties will return on Iran tonight after the Islamic Republic failed to meet conditions set by the UK, Germany and France.

The three governments triggered the “snapback” clause of the 2015 nuclear deal last month, giving Tehran 30 days to comply. That deadline expires Saturday night, according to the Financial Times.

The E3 powers wanted Tehran to restart talks with Washington, resume cooperation with the International Atomic Energy Agency, and account for a 408-kilogram uranium stockpile enriched close to weapons grade.

Russia and China attempted to extend the timeframe by sponsoring a UN Security Council resolution on Friday, but only four of the body’s 15 members voted in favor. With no extension agreed, the sanctions return automatically.

Iran refuses US talks and challenges Western demands

Despite a week of UN meetings in New York, European and Iranian officials left without progress. The E3 said Iran would not allow international inspectors into its main nuclear sites. Supreme Leader Ayatollah Ali Khamenei dismissed negotiations with the United States, saying they would show “surrender” and “disgrace.”

Iranian leaders placed blame on Washington and European capitals. President Masoud Pezeshkian said Tehran would respond to sanctions but would not leave the Non-Proliferation Treaty, despite pressure from hardliners.

“Certain people inside the country think that we certainly should leave the NPT . . . but the supreme leadership held steadfast . . . and that’s our official policy,” Pezeshkian said in New York. “But if they implement the snapback mechanism and subsequent mechanisms, then we need to know how to respond.”

Officials in Tehran added that they may again halt cooperation with the IAEA and stop talking with the E3 altogether. The snapback process is part of the 2015 nuclear agreement signed by Iran, the E3, the Obama administration, Russia and China.

That accord has been near collapse since Donald Trump, now back in the White House, withdrew during his first term and reimposed waves of sanctions.

Attacks, uranium enrichment and mistrust deepen standoff

Following Washington’s withdrawal, Tehran expanded its nuclear program and enriched uranium to 60%, close to weapons grade. European powers remained in the deal but were accused of failing to provide sanctions relief.

Meanwhile, US measures cut Iran off from global finance and worsened its economic crisis.

Indirect talks between Trump’s administration and Iran were scheduled for a sixth round earlier this year, but they collapsed when Israel launched a 12-day war in June. Those strikes, joined briefly by the US, destroyed several nuclear sites just 48 hours before negotiations were due to start.

Trump later said Iran’s nuclear program had been “obliterated.” Western diplomats countered that the sites were damaged but not destroyed, but they did admit to uncertainty over the fate of the 408 kilograms of enriched uranium.

After the strikes, Tehran suspended cooperation with the IAEA. A preliminary deal was reached this month with the UN watchdog on a “new modality” of inspections, but European diplomats said it was inadequate because it excluded access to the main facilities.

Pezeshkian admitted the mistrust was severe. “The wall of mistrust that has been created between us and the Americans is quite thick and quite high,” he said. “Every step that we take forward, they [US] take two steps back and add more conditions. First show us your sincerity and your good will and we will take two steps towards you.”

If you’re reading this, you’re already ahead. Stay there with our newsletter.

Source: https://www.cryptopolitan.com/un-sanctions-to-snap-back-on-iran-tonight/

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Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
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