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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.
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."
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.
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.
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.”


U.S. Federal Reserve Chair Jerome Powell resumes two days of Congressional testimony on Wednesday when he appears before the Senate Banking committee after scrutiny before a House panel the day before that focused on the Fed's concerns the Trump administration's tariff plans will raise inflation.
The Senate session begins at 10 a.m. with Powell expected to deliver the same message he presented to the House Financial Services Committee that even with recent inflation more moderate than expected, the central bank expects rising import taxes will lead to higher inflation beginning this summer. He is also expected to reiterate that the Fed won't be comfortable cutting interest rates until it sees if prices do begin to rise and whether that process shows signs of becoming more persistent.
"We should start to see this over the summer, in the June number and the July number...If we don't we are perfectly open to the idea that the pass-through (to consumers) will be less than we think, and if we do that will matter for policy," Powell said on Tuesday. “I think if it turns out that inflation pressures remain contained we will get to a place where we cut rates sooner than later...I do not want to point to a particular meeting. I don't think we need to be in any rush," particularly given a still-strong labor market and so much uncertainty about the impact of the still-unresolved tariff debate.
Tariffs have already risen on some goods, but there is a coming July 9 deadline for higher levies on a broad set of countries - with no certainty about whether the Trump administration will back down to a 10% baseline tariff that analysts are using as a minimum, or impose something more aggressive.
The Fed has held its benchmark interest rate steady in the 4.25% to 4.5% range since December, despite demands by President Donald Trump for immediate, and deep, rate cuts.
Economic projections released by the Fed last week showed policymakers at the median do anticipate reducing the benchmark overnight rate half a percentage point by the end of the year. But within those projections is a clear divide between officials who take the inflation risk more seriously -- 7 of 19 policy makers see no rate cuts at all this year -- and those who feel any tariff price shock will be less severe or quickly fade. Ten of the 19 see 2 or more rate reductions.
Investors currently expect the Fed to cut rates at its September and December meetings, but hold rates steady at its next meeting on July 29-30.
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