Showing posts with label Nuclear. Show all posts
Showing posts with label Nuclear. Show all posts

Thursday, October 24, 2013

U.S., Israel differ on how to resolve Iran nuclear issue

U.S. Secretary of State John Kerry (R) poses with Israeli Prime Minister Benjamin Netanyahu at Villa Taverna in Rome October 23, 2013. REUTERS/Gregorio Borgia/Pool

U.S. Secretary of State John Kerry (R) poses with Israeli Prime Minister Benjamin Netanyahu at Villa Taverna in Rome October 23, 2013.

Credit: Reuters/Gregorio Borgia/Pool

By Arshad Mohammed

ROME | Wed Oct 23, 2013 6:00pm EDT

ROME (Reuters) - U.S. and Israeli officials differed over Iran's nuclear program on Wednesday as Israel called for its effective dismantlement and the United States suggested better safeguards could assure that it is peaceful rather than military in nature.

U.S. Secretary of State John Kerry and Israeli Prime Minister Benjamin Netanyahu spoke as they began seven hours of talks that also covered Israeli-Palestinian peace negotiations, which resumed in July after a nearly three-year hiatus.

Hints of a possible U.S.-Iranian rapprochement, including President Barack Obama's phone call with new Iranian President Hassan Rouhani and revived nuclear talks between Tehran and six major powers, have unnerved Arab states and Israel, which see any potential Iranian nuclear arms program as a direct threat.

"Iran must not have a nuclear weapons capability, which means that they shouldn't have centrifuges for enrichment, they shouldn't have a plutonium heavy water plant, which is used only for nuclear weapons," Netanyahu told reporters as he and Kerry began their talks.

"They should get rid of the amassed fissile material, and they shouldn't have underground nuclear facilities, (which are) underground for one reason - for military purposes." He called Iran's program the region's foremost security problem.

The Islamic Republic says it is enriching uranium solely for electricity and medical treatments, not nuclear weapons. But its past concealment of sensitive activities from U.N. inspectors and continued restrictions on monitoring have raised suspicions.

'CRYSTAL-CLEAR' STANDARD

Kerry, whose aides are exploring a diplomatic solution to rein in Iran's nuclear activity, took a tack different from Netanyahu, suggesting Iran could show its program was peaceful by adhering to international standards adopted by other nations.

"It will be vital for Iran to live up to the standards that other nations that have nuclear programs live up to as they prove that those programs are indeed peaceful," he said as the two started meeting at the U.S. ambassador's residence in Rome.

"We will need to know that actions are being taken which make it crystal clear, undeniably clear, fail-safe to the world that whatever program is pursued is indeed a peaceful program," he told reporters.

The United States has refused to rule out the possibility of taking military action against Iran. But U.S. officials say they wish to test every avenue to resolve the issue before going down that path, which could destabilize the Middle East.

"Secretary Kerry reiterated President Obama's determination to prevent Iran from acquiring a nuclear weapon, even as we pursue a diplomatic course," a senior U.S. State Department official said on condition of anonymity after the meeting ended.

Six global powers and Iran held talks last week in Geneva on ways towards a diplomatic deal, their first such negotiations since the June election of Rouhani, a relative moderate, opened doors for compromise after years of escalating confrontation.

Britain, China, France, Germany, Russia and the United States are due to hold a second round of those talks with Iran on November 7 and 8, also in Geneva.

The senior U.S. official said Kerry and Netanyahu had an "in-depth" discussion of Israeli-Palestinian peace negotiations, which resumed on July 29. The United States has said they aim to yield a peace deal within nine months, of which nearly three months have already passed.

The core issues in the more than six-decade dispute include borders, the future of Jewish settlements in the occupied West Bank where Palestinians seek statehood, the fate of Palestinian refugees and the status of Jerusalem.

The senior U.S. official declined to say how much of the meeting was devoted to Middle East peace and how much to Iran, which took up the lion's share of their public comments.

Iran cites a right to refine uranium for peaceful purposes under the nuclear Non-Proliferation Treaty, a 1970 global pact to prevent the spread of nuclear arms.

But the United States has said Iran does not automatically have that right under international law because, it argues, Tehran is in violation of its obligations under counter-proliferation safeguards. A series of U.N. Security Council resolutions since 2006 has demanded that Iran suspend all enrichment and heavy water-related activities.

Iran is building a heavy-water research reactor near the town of Arak, which when operational could yield plutonium and give Iran a potential second route to making fissile material for nuclear bombs, in addition to its enrichment of uranium.

Western experts say, and some diplomats privately acknowledge, that it is no longer realistic to expect Iran to halt all enrichment-related activities, since the Islamic Republic has sharply expanded such work in the past seven years and it is seen as a source of national pride and prestige.

Instead, they say, any deal should set strict, verifiable limits on the number of centrifuges that Iran can have and on the production of low-enriched uranium.

(Writing by Arshad Mohammed; Editing by Mark Heinrich and Peter Cooney)


View the original article here

Thursday, March 21, 2013

Gold Steadies as Supported by Nuclear Worries

ONG Focus | Insights | Written by Oil N' Gold | Thu Mar 07 13 06:36 ET

Geopolitical tensions have supported gold prices, allowing the yellow metal to stay above 1550. Negotiations between Iran and the IAEA representatives stalled with several envoys walking out for sometime after Iran accused Israel of genocide. In Northeast Asia, tensions in the Korean Peninsula intensified as North Korea’s Kim Jong-un unilaterally announced to end the armistice signed in 1953. Both the ECB and the BOE would hold meetings today. While the ECB would be more likely to hold its stimulus unchanged, the BOE would be more uncertain as policymakers split on whether to increase or to maintain the current asset purchase program.

Representatives from the US, Canada, New Zealand and Australia walked out of the negotiation table for a few hours as Iran's Ali Asghar Soltanieh accused Israel of having "a dark record of genocide". U.S. envoy Joseph Macmanus blamed Iran of “inviting further isolation, pressure and censure from the international community ... until it meets its obligations and addresses the board's concerns”. While the US and its allies have planned for more sanctions on Iran, China reiterated its opposition to imposing these sanctions against Iran over its nuclear energy program. China's deputy permanent representative to the United Nations Wang Min stated that “China is always firmly against use or threat of use of force. We are not in favor of putting excessive pressure or new sanctions against Iran”.

Earlier in the week, North Korea threatened the end the 60-year armistice following the Korean War. The hermit kingdom stated that it would "launch surgical strikes at any time and any target without being bounded by the armistice accord". South Korea responded by announcing that it would launch “resolute retaliations" should the country be threatened. Despite North Korea’s move, the UNSC is expected to continue to vote on further sanctions against North Korea’s nuclear development and its successful nuclear test last month. It is anticipated that the resolution would be approval as China has agreed to vote in favor of it.

The ECB is expected to leave its main refi rate unchanged at a record low of 0.75% in March. While not likely related to the policy decision, some German newspaper suggested that policymakers have queried about the central bank‘s independence as it has done excessively on the course of resolving the Euzoeon sovereign debt crisis. Some news headline even stated that the ECB is considering leaving the Troika. This was, however, denied later. Concerning the BOE meeting, sterling declined to the lowest level in 2 years against the US dollar amid higher speculations that the BOE might increase of the size of asset purchases after the February minutes showed that 3 out of 9 MPC members, including current Governor Mervyn King favored additional QE.

 

Latest Analysis from this Author

Gold Weekly Technical Outlook (Saturday, 16 March 2013 10:05 ET)Silver Weekly Technical Outlook (Saturday, 16 March 2013 10:05 ET)Crude Oil Weekly Technical Outlook (Saturday, 16 March 2013 10:05 ET)Natural Gas Weekly Technical Outlook (Saturday, 16 March 2013 10:04 ET)Weekly Fundamentals - WTI- Brent Spread Narrowed o... (Saturday, 16 March 2013 02:38 ET)Strong US Data Sent Shares to New Highs (Friday, 15 March 2013 01:03 ET)Economic Calendar 3/15/13 (Thursday, 14 March 2013 22:13 ET)IEA Lowered Global Oil Demand Growth Forecast for ... (Thursday, 14 March 2013 08:50 ET)Crude Weakened on Inventory Increase (Wednesday, 13 March 2013 23:14 ET)Economic Calendar 3/14/13 (Wednesday, 13 March 2013 23:12 ET)

View the original article here

Free Facebook Likes