US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Iran’s enrichment of uranium to 60% purity—just shy of weapons-grade—has triggered international alarm. Western diplomats argue the move directly contradicts Tehran’s claims of peaceful intentions, with the IAEA confirming heightened scrutiny of Iran’s nuclear program.
Iran's Uranium Enrichment Sparks Alarm
A Western diplomatic source stated on Saturday that Iran's rapid enrichment of uranium to near bomb grade is "extremely serious," unjustified by civilian concerns, and goes against Tehran's claims of wanting meaningful nuclear talks.
Nuclear weapons are something Iran has always denied wanting.
According to Investing.com, the International Atomic Energy Agency (IAEA) nuclear monitors keep a close eye on Iran's nuclear program, according to the country's foreign ministry, which made the announcement on Saturday.
The Western diplomatic source told Reuters, on the condition of anonymity, that the speeding up of enrichment was "in contradiction with Iran's declarations on its willingness to return to credible negotiations."
"These measures have no credible civilian justification and could, on the contrary, directly fuel a military nuclear programme if Iran were to take the decision," according to a source.
IAEA Confirms Accelerated Uranium Enrichment
The president of the International Atomic Energy Agency, Rafael Grossi, informed Reuters on Friday that Iran is speeding up its uranium enrichment to 60% purity, which is getting close to the 90% level that is considered weapons grade.
The classified report to member nations later validated the accleration in enrichment, a process that refines the raw material for fuel in civil nuclear power generation or, alternatively, for nuclear weapons, according to the IAEA.
Saturday, in response to Grossi's comments and the confidential report's news, Esmaeil Baghaei, a spokesperson for the Iranian foreign ministry, stated that Iran's nuclear program is conducted in a "completely transparent manner and under the supervision of the IAEA" and within the framework of the Non-Proliferation Treaty and other safeguards.
Tehran Defends Nuclear Program Under IAEA Supervision
"The recent activities have also been carried out with detailed information provided to the IAEA and are under its continuous supervision," Baghaei stated, as reported by Iranian official media.
