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On April 9, White House Press Secretary Levitt stated on Wednesday local time that Iran has indicated it will hand over its stockpile of enriched uranium, calling it one of Trump's main priorities. Trump has stated that one of the primary reasons for initiating war is to prevent Iran from developing nuclear weapons, a claim that Iran has long denied. Levitt said at a briefing, "This is a red line that the president will never back down from, and he is committed to ensuring this happens." When asked if Iran had indicated it would hand over uranium, Levitt replied, "Yes, they have indicated that." However, she did not disclose specific details. International Atomic Energy Agency Director General Grossi stated that nearly half of Iran's highest enriched uranium, which is up to 60%, is stored in a tunnel facility in Isfahan, and this uranium is likely still there. This tunnel facility was the only target that appeared to have not been severely damaged during the U.S.-Israeli strikes on Iran's nuclear facilities last June. U.S. Secretary of Defense Hegseth previously stated, "Currently it is buried underground, and we are closely monitoring it. We are fully aware of what they have, and they know it too." He also stated that Washington reserves the right to launch further military strikes to destroy this enriched uranium if necessary.

[White House: Iran Has Indicated It Will Hand Over Enriched Uranium]On April 9, White House Press Secretary Levitt stated on Wednesday local time that Iran has indicated it will hand over its stockpile of enriched uranium, calling it one of Trump's main priorities. Trump has stated that one of the primary reasons for initiating war is to prevent Iran from developing nuclear weapons, a claim that Iran has long denied. Levitt said at a briefing, "This is a red line that the president will never back down from, and he is committed to ensuring this happens." When asked if Iran had indicated it would hand over uranium, Levitt replied, "Yes, they have indicated that." However, she did not disclose specific details. International Atomic Energy Agency Director General Grossi stated that nearly half of Iran's highest enriched uranium, which is up to 60%, is stored in a tunnel facility in Isfahan, and this uranium is likely still there. This tunnel facility was the only target that appeared to have not been severely damaged during the U.S.-Israeli strikes on Iran's nuclear facilities last June. U.S. Secretary of Defense Hegseth previously stated, "Currently it is buried underground, and we are closely monitoring it. We are fully aware of what they have, and they know it too." He also stated that Washington reserves the right to launch further military strikes to destroy this enriched uranium if necessary.

White House: Iran Has Indicated It Will Hand Over Enriched Uranium

On April 9, according to CCTV, on April 8 local time, the first day of the temporary ceasefire between the U.S. and Iran saw the Israeli military launch its largest airstrike against Hezbollah since the onset of the current conflict. Iran claimed this violated the ceasefire agreement and subsequently closed the Strait of Hormuz again, threatening to take deterrent actions against Israeli military targets. The White House announced on the 8th that the first round of talks between the U.S. and Iran will take place on the 11th in Pakistan, but Iran stated that three key clauses of its ten ceasefire terms have already been violated, undermining the 'basis for negotiation'.

[Israeli Airstrikes on Lebanon, Strait of Hormuz Closed Again as Ceasefire Escalates on First Day]On April 9, according to CCTV, on April 8 local time, the first day of the temporary ceasefire between the U.S. and Iran saw the Israeli military launch its largest airstrike against Hezbollah since the onset of the current conflict. Iran claimed this violated the ceasefire agreement and subsequently closed the Strait of Hormuz again, threatening to take deterrent actions against Israeli military targets. The White House announced on the 8th that the first round of talks between the U.S. and Iran will take place on the 11th in Pakistan, but Iran stated that three key clauses of its ten ceasefire terms have already been violated, undermining the 'basis for negotiation'.

Israeli Airstrikes on Lebanon, Strait of Hormuz Closed Again as Ceasefire Escalates on First Day

On April 9, White House Press Secretary Levitt stated at a press conference on the 8th that Iran's initially proposed 10-point suggestions are unacceptable and have been discarded. Iran subsequently presented a 'more reasonable and concise' plan that could serve as a basis for negotiations between the U.S. and Iran. Levitt mentioned that President Trump and his team believe this new proposal from Iran could be a viable foundation for negotiations and could align with the U.S. 15-point plan. She emphasized that Trump's 'red line' requiring Iran to cease uranium enrichment activities remains unchanged, and the notion that Trump would accept an 'wish list' type agreement from Iran is 'completely absurd'.

[White House: Iran's Initial 10-Point Proposal Unacceptable, New Plan Can Serve as Negotiation Basis]On April 9, White House Press Secretary Levitt stated at a press conference on the 8th that Iran's initially proposed 10-point suggestions are unacceptable and have been discarded. Iran subsequently presented a 'more reasonable and concise' plan that could serve as a basis for negotiations between the U.S. and Iran. Levitt mentioned that President Trump and his team believe this new proposal from Iran could be a viable foundation for negotiations and could align with the U.S. 15-point plan. She emphasized that Trump's 'red line' requiring Iran to cease uranium enrichment activities remains unchanged, and the notion that Trump would accept an 'wish list' type agreement from Iran is 'completely absurd'.

White House: Iran's Initial 10-Point Proposal Unacceptable, New Plan Can Serve as Negotiation Basis

On April 9, Iranian Foreign Ministry spokesman Baghaei posted a video on social media in which White House Press Secretary Levitt told reporters earlier today that Lebanon is not a participant in the two-week ceasefire agreement. Baghaei wrote alongside the short video: 'If this is not another example of the U.S. prematurely betraying its commitments, then what is?!' Baghaei also shared a post from Pakistani Prime Minister Sharif, which stated that Iran and the U.S. 'have agreed to an immediate ceasefire in all regions, including Lebanon.'

[Iran's Foreign Ministry Accuses U.S. of 'Prematurely Abandoning' Agreement Terms]On April 9, Iranian Foreign Ministry spokesman Baghaei posted a video on social media in which White House Press Secretary Levitt told reporters earlier today that Lebanon is not a participant in the two-week ceasefire agreement. Baghaei wrote alongside the short video: 'If this is not another example of the U.S. prematurely betraying its commitments, then what is?!' Baghaei also shared a post from Pakistani Prime Minister Sharif, which stated that Iran and the U.S. 'have agreed to an immediate ceasefire in all regions, including Lebanon.'

Iran's Foreign Ministry Accuses U.S. of 'Prematurely Abandoning' Agreement Terms

On April 9, U.S. Vice President Vance stated that the first ten-point proposal from Iran was, frankly, likely written by ChatGPT. This proposal was immediately discarded and rejected. There is a second, more reasonable ten-point proposal based on consultations between us and Pakistan. This is the proposal mentioned by the President, and it remains valid as of yesterday. Frankly, I have also seen a third ten-point proposal, which is even more extreme than the first one, and it has been circulating on various social media channels.

[Vance: Iran's Ten-Point Proposal Resembles AI Editing with Multiple Versions]On April 9, U.S. Vice President Vance stated that the first ten-point proposal from Iran was, frankly, likely written by ChatGPT. This proposal was immediately discarded and rejected. There is a second, more reasonable ten-point proposal based on consultations between us and Pakistan. This is the proposal mentioned by the President, and it remains valid as of yesterday. Frankly, I have also seen a third ten-point proposal, which is even more extreme than the first one, and it has been circulating on various social media channels.

Vance: Iran's Ten-Point Proposal Resembles AI Editing with Multiple Versions

On April 9, Nick Timiraos, often referred to as the 'Fed's mouthpiece,' stated that the ceasefire between the U.S. and Iran provides an opportunity to alleviate the severe threats to the global economy. However, for the Federal Reserve, this may simply replace one issue with another: the volatility of energy prices continues to exist, keeping inflation elevated, but not severe enough to significantly damage demand, leading to a prolonged period of unchanged interest rates. The minutes from the Fed's March meeting emphasized that the war is not the primary reason for the Fed's reluctance to cut rates; rather, it has made the Fed's already cautious stance even more complex. Even before the conflict, the path to rate cuts had narrowed. The labor market has stabilized, easing concerns about a recession, while progress toward the Fed's 2% inflation target has stalled. The Fed did not adjust interest rates at the March meeting partly due to concerns about the risks of a prolonged war. The risk that escalating conflict could hinder economic growth and lead to a recession had been the last and most compelling reason to support a resumption of rate cuts. Ironically, the end of the war may make it harder, rather than easier, for the Fed to implement easing policies in the short term. This is because the ceasefire agreement eliminates the worst economic conditions, namely severe price increases that disrupt supply chains and damage demand, which can be considered more important than removing the risks of new inflation pressures.

[Fed's Dilemma: Ceasefire Agreement Complicates Decision-Making]On April 9, Nick Timiraos, often referred to as the 'Fed's mouthpiece,' stated that the ceasefire between the U.S. and Iran provides an opportunity to alleviate the severe threats to the global economy. However, for the Federal Reserve, this may simply replace one issue with another: the volatility of energy prices continues to exist, keeping inflation elevated, but not severe enough to significantly damage demand, leading to a prolonged period of unchanged interest rates. The minutes from the Fed's March meeting emphasized that the war is not the primary reason for the Fed's reluctance to cut rates; rather, it has made the Fed's already cautious stance even more complex. Even before the conflict, the path to rate cuts had narrowed. The labor market has stabilized, easing concerns about a recession, while progress toward the Fed's 2% inflation target has stalled. The Fed did not adjust interest rates at the March meeting partly due to concerns about the risks of a prolonged war. The risk that escalating conflict could hinder economic growth and lead to a recession had been the last and most compelling reason to support a resumption of rate cuts. Ironically, the end of the war may make it harder, rather than easier, for the Fed to implement easing policies in the short term. This is because the ceasefire agreement eliminates the worst economic conditions, namely severe price increases that disrupt supply chains and damage demand, which can be considered more important than removing the risks of new inflation pressures.

Fed's Dilemma: Ceasefire Agreement Complicates Decision-Making

On April 9, the Speaker of the Iranian Parliament stated that three key provisions in the 10-point proposal had been violated before the negotiations were initiated. These include: 1. Non-compliance with the provision regarding a ceasefire in Lebanon outlined in the 10-point proposal—Pakistan's Prime Minister has explicitly mentioned and declared this as a 'comprehensive ceasefire effective immediately everywhere, including Lebanon and other regions'; 2. An invading drone entered Iranian airspace and was destroyed in the city of Laar in Fars Province, which clearly violates the terms prohibiting any further infringement of Iranian airspace; 3. Denial of Iran's rights to enrich uranium, which is included in Article 6 of the framework. Now, the 'feasible conditions' that should serve as the basis for negotiations have been openly and clearly undermined, even before the negotiations have begun. In this context, implementing a bilateral ceasefire or engaging in negotiations is unreasonable.

[Iranian Speaker: Three Key Provisions Violated Before Peace Negotiations Begin]On April 9, the Speaker of the Iranian Parliament stated that three key provisions in the 10-point proposal had been violated before the negotiations were initiated. These include: 1. Non-compliance with the provision regarding a ceasefire in Lebanon outlined in the 10-point proposal—Pakistan's Prime Minister has explicitly mentioned and declared this as a 'comprehensive ceasefire effective immediately everywhere, including Lebanon and other regions'; 2. An invading drone entered Iranian airspace and was destroyed in the city of Laar in Fars Province, which clearly violates the terms prohibiting any further infringement of Iranian airspace; 3. Denial of Iran's rights to enrich uranium, which is included in Article 6 of the framework. Now, the 'feasible conditions' that should serve as the basis for negotiations have been openly and clearly undermined, even before the negotiations have begun. In this context, implementing a bilateral ceasefire or engaging in negotiations is unreasonable.

Iranian Speaker: Three Key Provisions Violated Before Peace Negotiations Begin

On April 9, the minutes from the Federal Reserve's March meeting revealed that the number of officials hoping to signal a potential rate hike rather than a continuation of rate cuts has increased. The minutes stated: "Some participants believed there was sufficient reason to provide a two-way description of the Committee's future interest rate decisions in the post-meeting statement." In contrast, the January meeting minutes only mentioned that "a few" participants held this view. In the Fed's terminology, "some" refers to a larger number than "a few." Following the outbreak of the Iran war, Fed officials weighed different scenarios for the U.S. economy, including those that would necessitate rate cuts as well as those that might require rate hikes. The March FOMC meeting minutes, released on Wednesday, indicated that most officials were concerned that the war could impact the labor market, thereby necessitating lower interest rates. At the same time, many officials also emphasized inflation risks, which could ultimately require a response in the form of rate hikes. The minutes showed that an increasing number of officials suggested including relevant language in the post-meeting statement to mention the possibility of rate hikes under specific conditions.

[Fed Meeting Minutes: More Officials Mention Rate Hike Possibility, Decision-Makers Focus on Dual Risks of Iran War]On April 9, the minutes from the Federal Reserve's March meeting revealed that the number of officials hoping to signal a potential rate hike rather than a continuation of rate cuts has increased. The minutes stated: "Some participants believed there was sufficient reason to provide a two-way description of the Committee's future interest rate decisions in the post-meeting statement." In contrast, the January meeting minutes only mentioned that "a few" participants held this view. In the Fed's terminology, "some" refers to a larger number than "a few." Following the outbreak of the Iran war, Fed officials weighed different scenarios for the U.S. economy, including those that would necessitate rate cuts as well as those that might require rate hikes. The March FOMC meeting minutes, released on Wednesday, indicated that most officials were concerned that the war could impact the labor market, thereby necessitating lower interest rates. At the same time, many officials also emphasized inflation risks, which could ultimately require a response in the form of rate hikes. The minutes showed that an increasing number of officials suggested including relevant language in the post-meeting statement to mention the possibility of rate hikes under specific conditions.

Fed Meeting Minutes: More Officials Mention Rate Hike Possibility, Decision-Makers Focus on Dual Risks of Iran War

On April 9, the WSJ reported that Iran has informed mediators that it will limit the number of vessels passing through the Strait of Hormuz to about ten per day and will impose fees for passage. Arab mediators stated that vessels must coordinate with the Iranian Islamic Revolutionary Guard Corps. According to S&P Global Market Intelligence data, only four vessels were granted passage on Wednesday, the lowest level since April. The approved vessels are currently navigating a corridor north of the usual shipping lanes, located between Iran's Qeshm Island and Larak Island, heading towards the Sea of Oman along the Iranian coast. Shipping operators noted that fees are typically determined a week in advance and are based on the size of the vessel, with costs for a very large crude carrier capable of carrying about 2 million barrels of oil reaching up to $2 million. Iran has also proposed sharing passage fees with Oman, but Oman has not yet agreed to this plan. According to the latest reports from Iran's Press TV, the Strait of Hormuz has been fully closed, forcing tankers to turn back.

[WSJ: Iran Limits Daily Traffic in the Strait to About Ten Vessels]On April 9, the WSJ reported that Iran has informed mediators that it will limit the number of vessels passing through the Strait of Hormuz to about ten per day and will impose fees for passage. Arab mediators stated that vessels must coordinate with the Iranian Islamic Revolutionary Guard Corps. According to S&P Global Market Intelligence data, only four vessels were granted passage on Wednesday, the lowest level since April. The approved vessels are currently navigating a corridor north of the usual shipping lanes, located between Iran's Qeshm Island and Larak Island, heading towards the Sea of Oman along the Iranian coast. Shipping operators noted that fees are typically determined a week in advance and are based on the size of the vessel, with costs for a very large crude carrier capable of carrying about 2 million barrels of oil reaching up to $2 million. Iran has also proposed sharing passage fees with Oman, but Oman has not yet agreed to this plan. According to the latest reports from Iran's Press TV, the Strait of Hormuz has been fully closed, forcing tankers to turn back.

WSJ: Iran Limits Daily Traffic in the Strait to About Ten Vessels

According to CoinDesk, the Swiss financial regulator is extending money-laundering checks for crypto transactions despite significant pushback from the country’s users.
A threshold of 1,000 Swiss francs ($1,000) over which customers will have to prove their identity will now apply to all linked transactions over a month, when crypto is swapped for cash or another anonymous form of money.
“Virtual currencies are often used as a payment instrument for illicit trade, notably in drug trafficking, on the darknet, or for the payment of ransoms after cyberattacks,” a report issued by the Financial Market Supervisory Authority (Finma) said. “The risk of money laundering in the domain of virtual currency is reinforced by potential anonymity and by the speed and cross-border nature of transactions.”

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【Switzerland sticks to tougher ID checks for crypto to cash transactions】According to CoinDesk, the Swiss financial regulator is extending money-laundering checks for crypto transactions despite significant pushback from the country’s users.
A threshold of 1,000 Swiss francs ($1,000) over which customers will have to prove their identity will now apply to all linked transactions over a month, when crypto is swapped for cash or another anonymous form of money.
“Virtual currencies are often used as a payment instrument for illicit trade, notably in drug trafficking, on the darknet, or for the payment of ransoms after cyberattacks,” a report issued by the Financial Market Supervisory Authority (Finma) said. “The risk of money laundering in the domain of virtual currency is reinforced by potential anonymity and by the speed and cross-border nature of transactions.”

Switzerland sticks to tougher ID checks for crypto to cash transactions

Article

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U.S. Vice President Vance: Iran Has Agreed to Open the Strait of Hormuz

Trump: US Can Easily Resume Military Action Against Iran if Negotiations Fail

Switzerland sticks to tougher ID checks for crypto to cash transactions

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