“NO ENRICHMENT OF URANIUM”
Trump said earlier that the US was “very far along” in negotiating a long-term agreement with Iran, which had submitted a 10-point plan that he said was “workable”.
But Iran publicly released points that took maximalist positions, including lifting long-standing US sanctions, guaranteeing Iranian “dominion” over the strait and removing US forces from the region.
Crucially, it also said its plan would require Washington to accept its uranium enrichment programme.
Trump said that there will be no enrichment of uranium by Iran and that the countries will work together to “dig up and remove” nuclear material buried by US strikes last year.
“The US will work closely with Iran, which we have determined has gone through what will be a very productive Regime Change!” he said in a later post on Truth Social.
“There will be no enrichment of uranium, and the US will, working with Iran, dig up and remove all of the deeply buried (B-2 Bombers) nuclear ‘dust,'” he added.
In June 2025, US forces struck three nuclear sites in Iran – Fordo, Natanz and Isfahan – with powerful bunker-busting bombs dropped from B-2 stealth bombers.
Trump at the time claimed the operation “obliterated” Iran’s nuclear capability and set back its nuclear program by decades.
But the exact extent of the damage is unknown.
Prior to last year’s strikes, Iran was enriching uranium to 60 per cent, according to the International Atomic Energy Agency.
That is far higher than necessary for civilian reactor levels, and close to the 90 per cent required to build a nuclear weapon.
While Western powers and Israel have long accused Iran of seeking to acquire atomic weapons, Tehran denies it.
Trump also said that as part of engagement with Tehran, “we are, and will be, talking tariff and sanctions relief with Iran”.
But he warned against anyone supplying military weapons to Iran, threatening 50 per cent US tariffs, “effective immediately”, on countries that do so.
Oil prices plunged by more than 17 per cent after the ceasefire announcement, while European natural gas dropped 20 per cent. Stock prices also soared in early trading on Wednesday in Asia.
Much of the global reaction to the ceasefire focused on the need to turn the ceasefire into a workable peace deal.
Egypt praised efforts to “give diplomacy a chance”, while Oman spoke of finding “solutions capable of resolving the crisis at its roots”.
Ahead of a visit to the Gulf, British Prime Minister Keir Starmer pledged Wednesday to do everything possible to turn the ceasefire “into a lasting agreement” that ensures the reopening of Hormuz.