live Trump says peace deal will be signed on Sunday; Iran says it may take days
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Fore...
Iran and Russia have signed a memorandum of understanding (MoU) to build nuclear Small Modular Reactors (SMR) capable of generating maximum electrical power of 300 Megawatts electric (MWe) to be installed at the planned Iran Hormuz nuclear power plant site with a 5,000 MWe capacity.
President of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami and Director General of the Russia’s State Atomic Energy Corporation Rosatom Alexey Likhachev signed the MoU in Moscow during World Atomic Week at ATOMEXPO.
“These reactors will play an important role in the development of nuclear technical knowledge and technology and industries related to the manufacturing of power plant equipment and devices in the country,” the AEOI Public Relations Office said in a news release.
“In addition, the achievement of Small Modular Reactors technology can provide new capacity to supply power to large industries and create balance in the country's electricity grid,” read the press release available on the AEOI website.
Eslami said that contracts on constructing the small-size reactors will be signed accordingly to launch the major Iran Hormuz nuclear power plant site in the southern Hormuzgan Province along the Persian Gulf and Oman Sea.
“5,000 MW of nuclear power will be generated at the Iran Hormuzugan site,” he added.
Bushehr's first 1000-Megawatt nuclear power plant
Iran’s Persian Gulf province of Bushehr is hosting its first ever 1000-Megawatt nuclear power plant which was built and connected to the national grid in 2012 based on an agreement with Rosatom.
The Russian company took over the project after the German Siemens company withdrew from its 1974 contract with Iran following the Islamic Revolution which ousted the pro-west shah monarchy in 1979.
Sanctions
In the meantime, Tehran and the European powers are at loggerheads at the United Nations Security Council over a possible return of the nuclear sanctions if they fail to reach an agreement by 28 September.
The European troika of France, Germany and the UK have laid down the three conditions of resumption of nuclear talks with the U.S., return of the inspectors of the International Atomic Energy Agency (IAEA), and access to the stockpiled enriched uranium in return for a limited suspension of the sanctions.
Iran cut off the mediated nuclear negotiations with the United States and suspended the ties with the UN nuclear watchdog after its major civilian nuclear sites were bombed by Israel and U.S. last June.
In Tehran, the Chairman of the Parliamentary Commission on National Security and Foreign Policy Ebrahmi Azizi ruled out direct talks with Washington saying that remarks by the U.S. nuclear negotiator, Steve Witkoff, regarding talks with Tehran are a “lie”.
Witkoff said at the Concordia Annual Summit that the U.S. is interested in negotiating with Iran and added, "We're talking to them (Iran) ... Why wouldn't we?"
The Iranian lawmaker also warned that if the snapback mechanism of UN nuclear sanctions is activated, the Iran-IAEA cooperation deal signed this month in Egypt will be null and void.
The Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi are in New York to take part at the 80th General Assembly of the United Nations with a crucial last-minute working agenda to prevent re-imposition of the UN nuclear sanctions.
Iran’s Parliament is set to discuss withdrawing from the Non-Proliferation Treaty (NPT) on Sunday coinciding the date the pre-2015 sanctions could be re-instated.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Uzbekistan will launch a new digital financial platform from 1 July aimed at simplifying access to finance for entrepreneurs, as part of broader efforts to support small businesses, encourage innovation and accelerate private sector development.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
The global race to develop quantum computing is accelerating, with governments and technology firms investing heavily in what is expected to become a major new computing era.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
Iran said no final decision has been made on a proposed agreement with Washington, despite suggestions from U.S. President Donald Trump that a deal could soon be signed in a European capital.
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