United Nations penalties will return on Iran tonight after the Islamic Republic failed to meet conditions set by the UK, Germany and France. The three governments triggered the “snapback” clause of the 2015 nuclear deal last month, giving Tehran 30 days to comply. That deadline expires Saturday night, according to the Financial Times. The E3 […]United Nations penalties will return on Iran tonight after the Islamic Republic failed to meet conditions set by the UK, Germany and France. The three governments triggered the “snapback” clause of the 2015 nuclear deal last month, giving Tehran 30 days to comply. That deadline expires Saturday night, according to the Financial Times. The E3 […]

Tehran faces UN sanctions after missing 30-day deadline to meet Western demands

United Nations penalties will return on Iran tonight after the Islamic Republic failed to meet conditions set by the UK, Germany and France.

The three governments triggered the “snapback” clause of the 2015 nuclear deal last month, giving Tehran 30 days to comply. That deadline expires Saturday night, according to the Financial Times.

The E3 powers wanted Tehran to restart talks with Washington, resume cooperation with the International Atomic Energy Agency, and account for a 408-kilogram uranium stockpile enriched close to weapons grade.

Russia and China attempted to extend the timeframe by sponsoring a UN Security Council resolution on Friday, but only four of the body’s 15 members voted in favor. With no extension agreed, the sanctions return automatically.

Iran refuses US talks and challenges Western demands

Despite a week of UN meetings in New York, European and Iranian officials left without progress. The E3 said Iran would not allow international inspectors into its main nuclear sites. Supreme Leader Ayatollah Ali Khamenei dismissed negotiations with the United States, saying they would show “surrender” and “disgrace.”

Iranian leaders placed blame on Washington and European capitals. President Masoud Pezeshkian said Tehran would respond to sanctions but would not leave the Non-Proliferation Treaty, despite pressure from hardliners.

“Certain people inside the country think that we certainly should leave the NPT . . . but the supreme leadership held steadfast . . . and that’s our official policy,” Pezeshkian said in New York. “But if they implement the snapback mechanism and subsequent mechanisms, then we need to know how to respond.”

Officials in Tehran added that they may again halt cooperation with the IAEA and stop talking with the E3 altogether. The snapback process is part of the 2015 nuclear agreement signed by Iran, the E3, the Obama administration, Russia and China.

That accord has been near collapse since Donald Trump, now back in the White House, withdrew during his first term and reimposed waves of sanctions.

Attacks, uranium enrichment and mistrust deepen standoff

Following Washington’s withdrawal, Tehran expanded its nuclear program and enriched uranium to 60%, close to weapons grade. European powers remained in the deal but were accused of failing to provide sanctions relief.

Meanwhile, US measures cut Iran off from global finance and worsened its economic crisis.

Indirect talks between Trump’s administration and Iran were scheduled for a sixth round earlier this year, but they collapsed when Israel launched a 12-day war in June. Those strikes, joined briefly by the US, destroyed several nuclear sites just 48 hours before negotiations were due to start.

Trump later said Iran’s nuclear program had been “obliterated.” Western diplomats countered that the sites were damaged but not destroyed, but they did admit to uncertainty over the fate of the 408 kilograms of enriched uranium.

After the strikes, Tehran suspended cooperation with the IAEA. A preliminary deal was reached this month with the UN watchdog on a “new modality” of inspections, but European diplomats said it was inadequate because it excluded access to the main facilities.

Pezeshkian admitted the mistrust was severe. “The wall of mistrust that has been created between us and the Americans is quite thick and quite high,” he said. “Every step that we take forward, they [US] take two steps back and add more conditions. First show us your sincerity and your good will and we will take two steps towards you.”

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

US Senate Releases Draft Crypto Bill Establishing Clear Regulatory Framework for Digital Assets

US Senate Releases Draft Crypto Bill Establishing Clear Regulatory Framework for Digital Assets

TLDR: Bill resolves SEC-CFTC conflict by assigning clear regulatory authority over securities and commodities respectively. Ancillary assets category exempts network
Share
Blockonomi2026/01/14 04:57
Unprecedented Surge: Gold Price Hits Astounding New Record High

Unprecedented Surge: Gold Price Hits Astounding New Record High

BitcoinWorld Unprecedented Surge: Gold Price Hits Astounding New Record High While the world often buzzes with the latest movements in Bitcoin and altcoins, a traditional asset has quietly but powerfully commanded attention: gold. This week, the gold price has once again made headlines, touching an astounding new record high of $3,704 per ounce. This significant milestone reminds investors, both traditional and those deep in the crypto space, of gold’s enduring appeal as a store of value and a hedge against uncertainty. What’s Driving the Record Gold Price Surge? The recent ascent of the gold price to unprecedented levels is not a random event. Several powerful macroeconomic forces are converging, creating a perfect storm for the precious metal. Geopolitical Tensions: Escalating conflicts and global instability often drive investors towards safe-haven assets. Gold, with its long history of retaining value during crises, becomes a preferred choice. Inflation Concerns: Persistent inflation in major economies erodes the purchasing power of fiat currencies. Consequently, investors seek assets like gold that historically maintain their value against rising prices. Central Bank Policies: Many central banks globally are accumulating gold at a significant pace. This institutional demand provides a strong underlying support for the gold price. Furthermore, expectations around interest rate cuts in the future also make non-yielding assets like gold more attractive. These factors collectively paint a picture of a cautious market, where investors are looking for stability amidst a turbulent economic landscape. Understanding Gold’s Appeal in Today’s Market For centuries, gold has held a unique position in the financial world. Its latest record-breaking performance reinforces its status as a critical component of a diversified portfolio. Gold offers a tangible asset that is not subject to the same digital vulnerabilities or regulatory shifts that can impact cryptocurrencies. While digital assets offer exciting growth potential, gold provides a foundational stability that appeals to a broad spectrum of investors. Moreover, the finite supply of gold, much like Bitcoin’s capped supply, contributes to its perceived value. The current market environment, characterized by economic uncertainty and fluctuating currency values, only amplifies gold’s intrinsic benefits. It serves as a reliable hedge when other asset classes, including stocks and sometimes even crypto, face downward pressure. How Does This Record Gold Price Impact Investors? A soaring gold price naturally raises questions for investors. For those who already hold gold, this represents a significant validation of their investment strategy. For others, it might spark renewed interest in this ancient asset. Benefits for Investors: Portfolio Diversification: Gold often moves independently of other asset classes, offering crucial diversification benefits. Wealth Preservation: It acts as a robust store of value, protecting wealth against inflation and economic downturns. Liquidity: Gold markets are highly liquid, allowing for relatively easy buying and selling. Challenges and Considerations: Opportunity Cost: Investing in gold means capital is not allocated to potentially higher-growth assets like equities or certain cryptocurrencies. Volatility: While often seen as stable, gold prices can still experience significant fluctuations, as evidenced by its rapid ascent. Considering the current financial climate, understanding gold’s role can help refine your overall investment approach. Looking Ahead: The Future of the Gold Price What does the future hold for the gold price? While no one can predict market movements with absolute certainty, current trends and expert analyses offer some insights. Continued geopolitical instability and persistent inflationary pressures could sustain demand for gold. Furthermore, if global central banks continue their gold acquisition spree, this could provide a floor for prices. However, a significant easing of inflation or a de-escalation of global conflicts might reduce some of the immediate upward pressure. Investors should remain vigilant, observing global economic indicators and geopolitical developments closely. The ongoing dialogue between traditional finance and the emerging digital asset space also plays a role. As more investors become comfortable with both gold and cryptocurrencies, a nuanced understanding of how these assets complement each other will be crucial for navigating future market cycles. The recent surge in the gold price to a new record high of $3,704 per ounce underscores its enduring significance in the global financial landscape. It serves as a powerful reminder of gold’s role as a safe haven asset, a hedge against inflation, and a vital component for portfolio diversification. While digital assets continue to innovate and capture headlines, gold’s consistent performance during times of uncertainty highlights its timeless value. Whether you are a seasoned investor or new to the market, understanding the drivers behind gold’s ascent is crucial for making informed financial decisions in an ever-evolving world. Frequently Asked Questions (FAQs) Q1: What does a record-high gold price signify for the broader economy? A record-high gold price often indicates underlying economic uncertainty, inflation concerns, and geopolitical instability. Investors tend to flock to gold as a safe haven when they lose confidence in traditional currencies or other asset classes. Q2: How does gold compare to cryptocurrencies as a safe-haven asset? Both gold and some cryptocurrencies (like Bitcoin) are often considered safe havens. Gold has a centuries-long history of retaining value during crises, offering tangibility. Cryptocurrencies, while newer, offer decentralization and can be less susceptible to traditional financial system failures, but they also carry higher volatility and regulatory risks. Q3: Should I invest in gold now that its price is at a record high? Investing at a record high requires careful consideration. While the price might continue to climb due to ongoing market conditions, there’s also a risk of a correction. It’s crucial to assess your personal financial goals, risk tolerance, and consider diversifying your portfolio rather than putting all your capital into a single asset. Q4: What are the main factors that influence the gold price? The gold price is primarily influenced by global economic uncertainty, inflation rates, interest rate policies by central banks, the strength of the U.S. dollar, and geopolitical tensions. Demand from jewelers and industrial uses also play a role, but investment and central bank demand are often the biggest drivers. Q5: Is gold still a good hedge against inflation? Historically, gold has proven to be an effective hedge against inflation. When the purchasing power of fiat currencies declines, gold tends to hold its value or even increase, making it an attractive asset for preserving wealth during inflationary periods. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s price action. This post Unprecedented Surge: Gold Price Hits Astounding New Record High first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:30
Nigeria Introduces New Rules To Track and Tax Cryptocurrency Transactions –

Nigeria Introduces New Rules To Track and Tax Cryptocurrency Transactions –

The post Nigeria Introduces New Rules To Track and Tax Cryptocurrency Transactions – appeared on BitcoinEthereumNews.com. Nigeria now links crypto activity to real
Share
BitcoinEthereumNews2026/01/14 04:51