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U.S. President Donald Trump revelled in the swift end to war between Iran and Israel, saying he now expected a relationship with Tehran that would preclude rebuilding its nuclear programme despite uncertainty over damage inflicted by U.S. strikes.

Trump, speaking in The Hague where he attended a NATO summit on Wednesday, said his decision to join Israel's attacks by targeting Iranian nuclear sites with huge bunker-busting bombs had ended the war, calling it "a victory for everybody".

He shrugged off an initial assessment by the U.S. Defense Intelligence Agency that Iran's path to building a nuclear weapon may have been set back only by months, saying the findings were "inconclusive" and he believed the sites had been destroyed.

"It was very severe. It was obliteration," he said.

He was confident Tehran would not try to rebuild its nuclear sites and would instead pursue a diplomatic path towards reconciliation, he said.

"I'll tell you, the last thing they want to do is enrich anything right now. They want to recover," he said.

If Iran tried to rebuild its nuclear programme, "We won't let that happen. Number one, militarily we won't," he said, adding: "I think we'll end up having something of a relationship with Iran to see (to) it."

RELIEF, APPREHENSION, EXHAUSTION

In Iran and Israel, residents expressed relief at the end of the worst confrontation ever between the two longstanding sworn enemy nations, but also apprehension over the future.

"We came back after the ceasefire was announced. People are relieved that the war has stopped, but there’s a lot of uncertainty about what comes next," said Farah, 67, who returned to Tehran from Lavasan near the capital where she had fled to escape Israeli bombing.

Her grandchildren were worried that the authorities would respond by imposing more severe enforcement of dress codes and other restrictions on social freedoms, she said by phone: "The world will move on and forget about the war — but we’re the ones who will live with its consequences."

In Tel Aviv, Rony Hoter-Ishay Meyer, 38, said the war's end brought mixed emotions - relief that children could return to school and normal life resume, but exhaustion from the stress.

"It's very much tiring. Those past two weeks were catastrophic in Israel and we are very much exhausted and we need to get back to our normal energy."

Israel's bombing campaign, launched with a surprise attack on June 13, wiped out the top echelon of Iran's military leadership, killed its leading nuclear scientists and targeted nuclear sites and missiles. Iran responded with missiles that pierced Israel's defences in large numbers for the first time.

Iranian authorities said 610 people were killed and nearly 5,000 injured in Iran, where the extent of the damage could not be independently confirmed because of tight restrictions on media. Twenty-eight people were killed in Israel.

A rapprochement between Tehran and the West would still require a deal governing Iran's long-term nuclear ambitions in return for lifting U.S. and international sanctions.

The head of the UN's IAEA nuclear watchdog, Rafael Grossi, said his top priority was ensuring international inspectors could return to Iran's nuclear sites, dismissing what he called the "hourglass approach" of trying to assess the damage in terms of months it would take Iran to rebuild.

"In any case, the technological knowledge is there and the industrial capacity is there. That, no one can deny. So we need to work together with them," he said.

Iran had notified the watchdog during the war that it was taking special measures to protect nuclear material, but in order to verify what had happened to it, inspections must resume, he said.

Trump's Middle East envoy, Steve Witkoff, said late on Tuesday that talks between the United States and Iran were "promising" and Washington was hopeful for "a long-term peace agreement that resurrects Iran".

Iran's parliament approved a bill on Wednesday to suspend cooperation with the IAEA, state-affiliated news outlet Nournews reported, but it added that such a move would require approval of Iran's top security body.

TRUMP BASKING AT SUMMIT

Hours after Trump announced the ceasefire, he claimed credit for preserving it by ordering Israel to halt further attacks with its planes already in flight. He used an obscenity on live television to say that the enemies had been fighting so long they did not know what they were doing.

Both Iran and Israel declared victory: Israel claiming to have achieved its goals of destroying Iran's nuclear sites and missiles, and Iran claiming to have forced the end of the war by penetrating Israeli defences with its retaliation.

"We have removed two immediate existential threats to us: the threat of nuclear annihilation and the threat of annihilation by 20,000 ballistic missiles," Israel's Prime Minister Benjamin Netanyahu said.

Iranian President Masoud Pezeshkian hailed a "great victory".

Iran's authorities moved swiftly to demonstrate their control after a war which had revealed that Israel had deep intelligence about the location of Iran's leaders, and apparently had agents operating across the country.

Iran executed three men on Wednesday convicted of collaborating with Israel's Mossad spy agency and smuggling equipment used in an assassination, the Iranian judiciary's Mizan news agency reported.

Iran had arrested 700 people accused of ties with Israel during the 12-day conflict, the state-affiliated Nournews reported on Wednesday.

During the war, both Netanyahu and Trump publicly suggested that it could end with the toppling of Iran's entire system of clerical rule if its leaders did not yield.

But after the ceasefire, Trump said he did not want to see "regime change" in Iran, which he said would bring chaos at a time when he wanted the situation to settle down.

Source: Reuters

Source: Reuters

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US President Donald Trump disputed an intelligence report that found the airstrikes he ordered on Iran had only a limited impact on its nuclear program, even though the assessment came from the Pentagon.

“The nuclear sites in Iran are completely destroyed,” Trump said on Truth Social. He said CNN and the New York Times, which first reported the intelligence findings on Tuesday, “have teamed up in an attempt to demean one of the most successful military strikes in history.”

Later, speaking to reporters at a NATO summit in The Hague on Wednesday, he said the report was “very inconclusive” but that he still believed the sites were demolished.

American stealth bombers, on Sunday morning, targeted the underground uranium-enrichment sites of Fordow and Natanz. The US also atomic facilities at Isfahan.

“The intelligence says we don’t know,” he said. “It could have been very severe. That’s what the intelligence says. So I guess that’s correct, but I think we can take that we don’t know. It was very severe. It was obliteration.”

He also suggested Israel would soon be able to give a firm assessment because Prime Minister Benjamin Netanyahu is “going to have people involved in that whole situation.”

The Israel Atomic Energy Commission issued a statement on Wednesday saying Fordow had been rendered inoperable and that Iran’s ability to make a nuclear weapon had been set back years.

Iran, also on Wednesday, said its nuclear facilities had been “badly damaged.” But it gave no more detail and said it was still assessing the situation on the ground.

The assessment from the Pentagon’s Defense Intelligence Agency said the June 22 bombing likely didn’t cripple the core components of Iran’s program below ground, including its centrifuges, according to people familiar with its contents. The findings are in line with open-source satellite imagery that shows new craters, possible collapsed tunnel entrances and holes on top of a mountain ridge but no conclusive evidence the attack breached the most heavily protected underground facilities.

Defense Secretary Pete Hegseth has backed Trump’s viewpoint on the success of the strikes in Iran. He said the Pentagon’s report was “preliminary” and “low confidence,” adding that the leak would be investigated.

Trump had said the strikes “totally obliterated” their targets, and dismissed reports casting doubt on the claim. White House Press Secretary Karoline Leavitt posted on X Tuesday that the intelligence finding of limited impact was “flat-out wrong.”

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source : Bloomberg

This good news for ordinary Australians is, however, not a helpful development for those wanting a stronger currency.

Above: GBP/AUD (top) and AUD/USD.

Source: Poundsterlinglive