'Of course' US could strike Iran's nuclear facilities, Trump says


Thomas Watkins
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US President Donald Trump on Monday said that Iran must abandon any push for a nuclear weapon or face harsh consequences that could include a military strike on Tehran's nuclear facilities.

He also suggested Tehran is stalling for time as it holds indirect negotiations with the US over its nuclear programme.

When asked if a potential response could include strikes on Iranian nuclear facilities, Mr Trump said: “Of course it does”.

“Iran has to get rid of the concept of a nuclear weapon. They cannot have a nuclear weapon,” Mr Trump said as he met El Salvador’s President Nayib Bukele in the Oval Office.

The US has in recent weeks bolstered its military presence across the Middle East, including the deployment of a second aircraft carrier strike group to the region.

Mr Trump was speaking after Iran and the US held indirect talks in Oman at the weekend. They are set to continue talks for a second round on Saturday in Muscat, Iran's state news agency Irna said on Monday.

“Iran wants to deal with us, but they don’t know how. They really don’t know how,” Mr Trump said. “We had a meeting with them on Saturday. We have another meeting scheduled next Saturday. That’s a long time. You know, that’s a long time. So I think they might be tapping us along.”

His comments came despite negotiators from both nations saying the recent talks in Muscat, led by Steve Witkoff, Mr Trump’s main Middle East envoy, and Iranian Foreign Minister Abbas Araghchi, were constructive.

He sidestepped a question about whether he shared that assessment, saying simply that Iran cannot be allowed to get a nuclear weapon and that the US would consider “something very harsh” if necessary.

“It’s really simple – they can’t have a nuclear weapon, and they got to go fast because they’re fairly close to having one, and they’re not going to have one,” Trump said.

Although Iran insists its nuclear programme is purely for peaceful ends, experts point out that it’s now producing the equivalent of one bomb’s worth of highly enriched uranium a month.

As diplomatic momentum builds, the International Atomic Energy Agency’s director general, Rafael Grossi, is expected to visit Tehran on Wednesday, the Iranian Foreign Ministry said.

Later in the week, Mr Araghchi is also set to visit Moscow to continue parallel nuclear talks with Russian officials, the ministry earlier.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

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Updated: April 14, 2025, 8:52 PM