While Trump considered bombing Iran, Biden ponders a new deal with it: Report

News Network
November 23, 2020

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Nicosia, Nov 23: The New York Times reported that on November 12, US President Donald Trump asked his senior advisers to examine options for airstrikes against Iran's main nuclear facility at Natanz. Trump convened the meeting just one day after the International Atomic Energy Agency inspectors reported a significant increase in Iran's nuclear material.

Fortunately, Trump's advisers persuaded him that the risks of military action against Iran are very high. Had a strike against Iran actually taken place, apart from the fact that would be a clear violation of international law, it would also have scuttled any new deal with Iran, President-elect Joe Biden is pondering.

The nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), signed in 2015 with the United States, Germany, France, Britain, China and Russia, allows Iran to keep a stockpile of 202.8 kilograms. Inspectors reported that the stockpile increased to 2,442 kilograms, while Iran continues to enrich uranium to a purity of up to 4.5 per cent, higher than the 3.67 per cent allowed under the deal. It should be noted that low enriched uranium between 3 and 5 per cent can be used for nuclear power, but for nuclear weapons 90 per cent purity is required.

According to New York Times, Trump had to be persuaded not to order the attack by Vice President Mike Pence, Secretary of State Mike Pompeo, Acting Defense Secretary Chris Miller, and Chairman of the Joint Chiefs Gen. Mark Milley. They pointed out that a military strike would have no basis on international law, while the UN Security Council in all probability would not approve a military action against Iran.

Iranian Government Spokesman Ali Rabiei, responding to the NY Times' report, said that any US attack on Iran would face a "crushing" response.

Meanwhile, the US Administration announced fresh sanctions on numerous Iranian individuals, including the Intelligence Chief and a charitable foundation linked to Iran's Supreme Leader Ayatollah Ali Khamenei.

Trump had withdrawn from JCPOA in May 2018 and imposed sanctions, which according to US Secretary of State Mike Pompeo cut vital and lucrative Iranian exports by some 75 per cent, denying the regime of USD 70 billion in oil. Iran continued to comply with the provisions of JCPOA until July 2019, and then started violating parts of the deal, but last January following the assassination by the US of Major General Qassem Soleimani in Baghdad, it ended all compliance with JCPOA.

As Trump was mulling over an attack on Iran, the Israelis carried out strikes in Syria on Iranian-backed militias. On 18 November, the Israeli Air Force hit targets of the Iranian Revolutionary Guards' Quds Force and the Syrian Army in the Golan Heights and Damascus International Airport, as retaliation for the planting of explosives near an Israeli military position in the Golan Heights.

Undoubtedly, if a military attack on Iran took place during Trump's final days in office, it would have certainly derailed Joe Biden's stated election promise to handle Iran "the smart way" and to give the Iranian regime "a credible path back to diplomacy".

Karim Sadjapour, a senior fellow at the Carnegie Endowment for International Peace, says that as both a Senator and a Vice President Biden's views on Iran was always realistic. "He has no illusions about the nature of the Iranian regime and the challenges it poses to US interests, but he's also been a consistent advocate of direct dialogue with Iran.... If Tehran shows a willingness to return to the status quo ante, no questions asked, it would strengthen the argument of those in Washington who favour an immediate return to the JCPOA. But if Tehran insists on being compensated for the sanctions imposed on Iran during the Trump era, or if Iranian leaders attempt to expand their nuclear program or carry out regional provocations in an attempt to expand their nuclear programme, or carry out regional provocations in an attempt to strengthen their bargaining position or signal that they are not weak, it will have the opposite effect."

Paul Adams, BBC diplomatic correspondent points out that Iran, which "has weathered the Trump storm, has its own demands. Officials say the removal of sanctions won't be enough. Iran expects to be compensated for two-and-a-half years of crippling economic damage..... The JCPOA was never a bilateral affair. Its other international sponsors - Russia, China, France, the UK and Germany, plus the European Union - are all, in one way or another, invested in its future. The European sponsors, in particular, are anxious to see Washington once more committed to the deal's success. The UK, France and Germany (the "E3") have tried to keep the deal alive during the Trump years and could now play a role in negotiating the terms of Washington's return. But in London, Paris and Berlin, there's a recognition that the world has moved on and that a simple return to the original deal is unlikely."

A deal between Biden and the Tehran government is possible but could be much more difficult if Tehran insists on demanding compensation for US withdrawal from the deal, or if Biden raises the issues of the Iranian ballistic missiles or the Tehran supported militias in the region.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 15,2024

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Iran’s Islamic Revolution Guards Corps (IRGC) has killed or captured 69 terrorists linked to the Israeli spy agency Mossad during a major counterterrorism drill in the country's southeast, its spokesman says.  

General Ahmad Shafaei, the spokesman for the “Martyrs of Security” drill, said Friday that a total of 23 terrorists have been killed and another 46 arrested in various clean-up operations ever since the IRGC Ground Force launched it in the Sistan and Baluchestan province on November 1.

Seven terrorists have also turned themselves in during the period.

“The undeniable fact about terrorists is that they rely on arrogant powers, particularly the intelligence service of the wicked and vicious Zionist regime," Shafaei said.

“Unfortunately, weapons and munitions at terrorists’ disposal are among the most sophisticated ones in the world. This accounts for their heavy dependence.” 

The official stated that several members of the disbanded terror teams were non-Iranian nationals, who had been hired by foreign intelligence agencies to carry out acts of sabotage and terror inside Iran.

In a most recent operation, six terrorists were arrested and four others were eliminated, three of whom were non-Iranians, he added. 

On October 26, ten members of Iran's law enforcement forces were killed in a terrorist attack in the Gohar Kuh district of Taftan in the Sistan and Baluchestan province.

The so-called Jaish al-Adl terrorist group claimed responsibility for the assault, which was one of the deadliest in the province in recent months.

The group has carried out numerous terrorist attacks in Iran, primarily in Sistan and Baluchestan.

Its tactics include the abduction of border guards as well as targeting civilians and police stations within the province to incite chaos and disorder.

In January, Iran launched a military operation during which the headquarters of the Pakistan-based terrorist group was targeted in missile strikes, destroying its infrastructure.

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News Network
November 19,2024

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