Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Asian Stocks Rise Slightly as Oil Prices Hold Steady Amid Middle East Uncertainty 
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Oil Prices Fall as Iran Proposes New Deal Amid Ongoing U.S. Tensions 
Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions 
Dollar Holds Firm as Asian Currencies Stabilize Amid Middle East Tensions and Rate Uncertainty 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
Global Markets Rise as Oil Prices Stabilize Amid Middle East Tensions 
Oil Prices Ease Slightly as Strait of Hormuz Tensions and U.S.-Iran Talks Support Market Above $100 
Yen Stabilizes After Suspected Intervention as Global Currency Markets Stay Cautious 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention 
Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns 
Tokyo Inflation Slows Despite Energy Pressures and BOJ Policy Outlook 
Middle East Conflict Impacts Australia and New Zealand Businesses 
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.
