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US, Iran closer to reaching nuclear deal, says Trump

Mint Ahmedabad

|

May 16, 2025

The US president also boasted of raising 'trillions of dollars' on a Gulf tour

- AFP

President Donald Trump said Thursday a deal was close on Iran's nuclear programme that would avert military action, sending oil prices tumbling, as he boasted of raising "trillions of dollars" on a Gulf tour.

He made the remarks in Doha before flying on to the UAE capital Abu Dhabi on the third and final leg of a Gulf tour that began in Saudi Arabia.

"We're not going to be making any nuclear dust in Iran," Trump said.

"I think we're getting close to maybe doing a deal without having to do this," he said, referring to military action.

Oil prices plunged more than three percent on rising hopes for a nuclear deal that could see Iranian exports return to the market.

Iran has held four rounds of talks with the Trump administration, which has sought to avert threatened military action by Israel while keeping up its "maximum pressure" campaign.

"You probably read today the story about Iran. It's sort of agreed to the terms," Trump said.

The US president did not specify which remarks he was referring to, but an adviser to Iran's supreme leader Ayatollah Ali Khamenei, Ali Shamkhani, told NBC News that Tehran would give up its stocks of highly enriched uranium as part of a deal in which Washington lifts sanctions.

MEER VERHALEN VAN Mint Ahmedabad

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Will Mahavatar Narsimha’s ₹300-cr success reshape Indian cinema?

The success of Mahavatar Narsimha, an animated mythological epic that was released without promotions or marketing this July and eventually grossed ₹300 crore, has proven to be a turning point, given animation’s long history of poor theatrical performance in the country.

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Gold soars ₹3,040 on global cues

Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

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India's industrial output slows to 14-month low in October

India’s industrial production grew 0.4% year-on-year in October, its slowest pace of expansion in 14 months, as manufacturing decelerated, and mining and electricity output contracted, provisional data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Monday.

time to read

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IT growth trails global clients amid shifting tech spending

Automation, product spends, in-house tech centre investments contributed to decoupling

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Are gifts from NRIs to residents taxable?

I am an NRI who is living in Dubai for the past six years. I had acquired shares of an unlisted Indian firm using surplus fund from my NRO account in India. I wish to gift the shares to my father, who is a resident of India. Will this transfer attract any tax in India?

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Mandatory app may trigger pushback

misuse of mobile phones in various scams.

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With health in mind, Indians are rethinking their 'kadais'

New research and rising awareness are driving households to switch to safer options like cast iron and tri-ply cookware

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Top weapon firms' revenue up 6%

The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday.

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FinMin rejects Post's claims of influence on LIC investments in Adani cos

The finance ministry does not issue any advisory or direction to Life Insurance Corp. of India (LIC) on matters related to investments, finance minister Nirmala Sitharaman told Parliament on Monday, reiterating that the state-run insurer operates independently.

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GST growth cools, but Indians are spending more

government's strategy that cheaper essentials and mass-use items will raise demand as predicted by the Laffer Curve theory, the second official said, referring to the economic idea that moderate tax rates can boost economic activity and tax revenue.

time to read

1 mins

December 02, 2025

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