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Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price.

The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements for its products but kept AI changes modest.

Apple did not immediately respond to requests for comment.

CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court.

Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features and could not reasonably believe the features would ever be ready for iPhone 16s.

Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026 and continued through this year’s Worldwide Developers Conference on June 9 when Apple’s assessment of its AI progress disappointed analysts.

Apple shares have lost nearly one-fourth of their value since their Dec. 26, 2024 ,record high, wiping out approximately $900 billion of market value.

This post appeared first on NBC NEWS

Here’s a quick recap of the crypto landscape for Monday (June 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$102,876, an increase of 4.2 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$100,177 and a high of US$103,154 as the market opened.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Crypto markets are bracing for continued short-term volatility, heavily influenced by macro conditions and geopolitical developments, particularly the US-Iran situation. Traders are warning of a potential drop to US$95,000, with some even anticipating US$92,000, as only 3 percent of newer Bitcoin investors are currently profitable.

Despite immediate concerns, analysts remain constructive on Bitcoin’s long-term resilience. Growing structural demand from public entities is solidifying Bitcoin’s role as a strategic reserve. Longer-term metrics suggest 2025 could be the last bullish leg of this cycle, potentially driving Bitcoin prices north of US$200,000.

Over the weekend, Bitcoin fell below the US$100,000 mark for the first time since May following US President Donald Trump’s announcement that the US had bombed three of Iran’s main nuclear facilities.

The airstrikes, which reportedly targeted Fordow, Natanz, and Isfahan, heightened investor risk aversion, triggering over US$1 billion in liquidations across crypto markets. Derivatives data from Coinglass shows that US$915 million of long positions and US$109 million worth of shorts were wiped out.

Ethereum (ETH) closed at US$2,308.07, a 6 percent increase over the past 24 hours. Its lowest valuation on Monday was US$2,206.39, and its highest valuation was US$2,312.59, minutes before the closing bell.

Altcoin price update

  • Solana (SOL) was priced at US$139, up 8.1 percent over 24 hours and its highest valuation for Monday. SOL experienced a low of US$131.53 during the day.
  • XRP also reached its highest daily valuation at the closing bell. It traded at US$2.05 as markets wrapped, up by 5 percent in 24 hours. The cryptocurrency’s lowest valuation was US$1.97.
  • Sui (SUI) is trading at US$2.61, showing an increaseof 11.7 percent over the past 24 hours. Its lowest valuation was US$2.42, and it reached its highest valuation at the closing bell.
  • Cardano (ADA) is priced at US$0.5527, up 5.7 percent in 24 hours to its highest value. Its lowest valuation on Monday was US$0.5315.

Today’s crypto news to know

Pompliano launches US$1 billion Bitcoin treasury firm

Crypto investor Anthony Pompliano has unveiled a new Bitcoin treasury company, ProCap Financial, via a merger with Columbus Circle Capital I, a special purpose acquisition company.

The venture will hold up to US$1 billion in Bitcoin, and aims to follow in the footsteps of Michael Saylor’s Strategy (NASDAQ:MSTR), a software firm turned crypto juggernaut.

ProCap has already raised US$500 million in equity and secured a US$250 million convertible note in what Pompliano has called the largest-ever raise for a treasury-focused crypto firm.

Unlike traditional holdings strategies, ProCap intends to actively generate revenue from its Bitcoin through lending, derivatives and financial services.

Metaplanet buys US$117 million worth of Bitcoin

Tokyo-based Metaplanet (TSE:3350,OTCQX:MTPLF) has added 1,111 BTC to its reserves, spending roughly US$117 million during a weekend dip sparked by US-Iran tensions.

The firm purchased the Bitcoin at an average price of US$105,681 per coin, increasing its total holdings to 11,111 BTC valued at over US$1.1 billion. Metaplanet has embraced a bold Bitcoin-first treasury approach, positioning itself as Asia’s Strategy equivalent in the corporate crypto playbook.

OKX considers US IPO

Cryptocurrency exchange OKX is reportedly considering an initial public offering (IPO) in the US, according to an interview the Information conducted with an executive from the firm on Sunday (June 22).

“We will absolutely consider an IPO in the future,” Haider Rafique, chief marketing officer, told the outlet, without providing a potential launch date. “If we go public, it would likely be in the U.S.”

The exchange resumed operations in the US in April after the US Department of Justice found that it had actively pursued US customers without the required license. OKX pleaded guilty to one count of operating an unlicensed money transmitting business in February and agreed to pay over US$500 million in penalties.

Sequans plans Bitcoin treasury raise

Sequans Communications (NYSE:SQNS), an IoT semiconductor developer, is planning a US$384 million capital raise for a strategic Bitcoin treasury. This move is one of the latest in a growing trend of companies using Bitcoin as a reserve asset, which crypto analyst Adam Back has dubbed the “new ALT SZN for speculators.’

The company issued a press release announcing the endeavor on Monday.

The raise includes US$195 million in equity and US$189 million in convertible debentures. The company is also partnering with Swan Bitcoin for its Bitcoin treasury management. CEO Georges Karam said this reflects “strong conviction in bitcoin as a premier asset and a compelling long-term investment.”

Fiserv to roll out Stablecoin platform for 3,000 US banks

Payments giant Fiserv (NYSE:FISV) is entering the stablecoin market with FIUSD, a new digital dollar offering aimed at thousands of main street banks. The platform will allow Fiserv’s banking clients — estimated at 3,000 institutions — to launch their own branded stablecoins or integrate FIUSD into their operations.

Built on top of Fiserv’s existing payments infrastructure, the platform will be interoperable with major blockchains and other stablecoins, including Circle’s (NYSE:CRCL) USDC and Paxos.

The platform is set to go live by the end of the year.

Canaan completes US pilot production, exits AI business

In a statement sent to Cointelegraph on Monday morning, a representative from Canaan (NASDAQ:CAN), a tech firm primarily known for designing and producing application-specific integrated circuits (ASICs) for Bitcoin mining, said it “has successfully completed a pilot production run in the US.” Canaan also announced the discontinuation of its artificial intelligence semiconductor business in what it said is “a strategic realignment aimed at sharpening its focus.”

“I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” said Nangeng Zhang, chairman and CEO of Canaan.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

(TheNewswire)

TORONTO, ON TheNewswire – June 24, 2025 –Silver Crown Royalties Inc. (‘ Silver Crown ‘, ‘ SCRi ‘, the ‘ Corporation ‘, or the ‘ Company ‘) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the first tranche (‘ First Tranche ‘) of its non-brokered offering of units of the Company (‘ Units ‘) for gross proceeds of up to $2,000,000 that was previously announced on May 20, 2025 (the ‘ Offering ‘). The Company issued 102,838 Units at a price of C$6.50 per Unit pursuant to the First Tranche for gross proceeds of approximately C$668,447.

Each Unit consists of one common share (‘ Common Share ‘) and one Common Share purchase warrant (‘ Warrant ‘), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the date hereof.

The proceeds from the First Tranche will be used to fund the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.

The Company is also pleased to announce it is extending the closing of an additional tranche of the Offering to July 11, 2025.

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, the proceeds from the First Tranche will be used to fund the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

In today’s “Weekly Market Recap”, EarningsBeats.com’s Chief Market Strategist Tom Bowley looks ahead to determine the likely path for U.S. equities after the weekend bombing of Iran nuclear sites. Are crude prices heading higher? Will energy stocks outperform? What additional roadblocks might we have to negotiate after the latest Fed meeting and policy statement? Could we see fallout from June monthly options expiring on Friday? Check it all out in the video below….

Happy trading!

Tom

The smile on Prime Minister Benjamin Netanyahu’s face was impossible to hide.

Minutes after President Donald Trump announced that the US had bombed three of Iran’s nuclear facilities, Netanyahu effusively praised the American leader as someone whose decisions could lead the region to a “future of prosperity and peace.”

Since Israel launched its attacks on Iran’s nuclear facilities and other targets, Netanyahu and the country’s other political echelon had been careful not to be perceived as dragging Trump into another war in the Middle East. In the end, the US joining the campaign – and taking credit for the results – is arguably an even bigger success for Netanyahu, who brought the world’s superpower into what had been Israel’s mission.

Netanyahu has talked about the threat of Iran for much of his political career, parading out visual aids on occasion – like a cartoon of a bomb at the UN General Assembly in 2012 – to help his audience. But the longstanding criticism was that Netanyahu’s rhetoric was all bark, no bite.

For all the talk of the threat Iran posed to Israel and the wider region, Netanyahu never pulled the trigger on a major military operation. Instead, he authorized sporadic high-risk, high-reward operations from Israel’s Mossad spy agency, including the assassination of Iranian nuclear scientists and the stealing of the country’s nuclear archive.

But Iran’s nuclear program survived largely unscathed, and Netanyahu was left for years with no measurable achievement against an issue he came to see as an existential threat to Israel.

The last 10 days rewrote the script.

Aviv Bushinsky, who worked with Netanyahu during his first term in the late-90s, called the attacks on Iran’s nuclear facilities “no doubt his greatest accomplishment.”

Israel’s initial waves of attacks and its establishment of air superiority over Iran began a clear string of military successes, which the Trump administration ultimately joined.

The scale of the success is so great that Bushinsky argued it made Netanyahu’s one of the country’s top two or three leaders since the country’s founding in 1948. The “stain” of failing to stop the Hamas-led attack on October 7 remains with Netanyahu, Bushinsky said, but the attack on Iran has immediately become part of his legacy.

“Netanyahu has a signature of taking down the nuclear capabilities of the Iranians,” he said.

Now Netanyahu immediately faces another challenge: deciding what to do next. At least publicly, the US has made it clear that it sees the Iran strikes as finished as long as Iranian forces don’t attack US troops in the region.

But after starting the campaign alone, Israel is still pressing its advantage. Israel Defense Forces (IDF) spokesman Brig. Gen. Effie Defrin said Sunday that Israel was preparing for the “campaign to prolong.” Before the weekend, Israel had conducted the military campaign against Iran on its own, and it has since carried out more strikes after the US bombing of the nuclear facilities.

“If the war was designed to obliterate Iran’s nuclear infrastructure, and the president of the United States says they destroyed the three facilities, then why isn’t Israel announcing mission accomplished?” former Israeli consul general Alon Pinkas asked rhetorically. “This military solution for everything is fine, as long as you understand that it is aligned with political goals. And I don’t see them.”

Since the start of the Trump administration, the friction between Trump and Netanyahu has been on full display as the White House pursued a series of steps in the region that left Israel sidelined. Trump’s first trip to the Middle East blew right past Israel without stopping, the American president signed a ceasefire deal with the Houthis in Yemen that cut out Israel, and he surprised Netanyahu in April by announcing nuclear negotiations with Iran.

The US decisions raised questions about whether Netanyahu was able to handle a second Trump administration, especially one with a far more vocal isolationist wing.

All of those questions disappeared in a puff of bunker buster smoke in the aftermath of the US strikes as the two leaders heaped praise on one another

This satellite image provided by Maxar Technologies shows the Fordow enrichment facility in Iran before and after US strikes. Editors’ note: Satellite photo above was rotated by Maxar Technologies, the source of the image, to show the original orientation of the moment the image was taken. Maxar Technologies

The issue of Iran had broad consensus among much of Israeli society, with a majority of the country viewing a nuclear Iran as an existential threat.

According to a survey from the Israel Democracy Institute done before the US strikes, approximately 70% of Israelis supported the campaign against Iran, while nearly as many believe it was right to launch the strikes without a guarantee of US involvement.

That level of support has drawn accolades for Netanyahu even from his detractors.

“You don’t have to like Netanyahu in order to admit yes, he achieved something,” said Ben-Dror Yemini, a political analyst for Israel’s prominent Yedioth Ahronoth newspaper.

But the current moment – one in which Israel and the US have carried out punishing strikes on Iranian nuclear facilities – requires sensitive diplomacy and a willingness to back off the military successes that appear to have come so easily, Yemini said.

The decision to act and the decision to wait each involved its own elements of risk, according to former US Ambassador to Israel Dan Shapiro.

“There’s risk in any use of forces and certainly in a major decision like this one from the United States,” Shapiro said. “But there was risk in not acting and leaving Iran within weeks of a nuclear bomb at the time of their choosing.”

But having made the critical choice to go after Iran’s nuclear facilities, Shapiro said it would be a grave mistake to assume the conflict is over.

Asked if the Middle East was safer now than it was before US involvement in the strikes against Iran, Shapiro said it depends on whether the bombing campaign destroyed or significantly damaged Iranian nuclear facilities. It also depends on how Iran chooses to respond, which he said requires the international community to lead Iran away from escalation.

“It’s too early to celebrate the achievement.”

This post appeared first on cnn.com

Large crowds gathered at the Enqelab Square in central Tehran on Sunday evening, protesting the strikes. Footage published by the state-affiliated Fars News Agency showed people waving Iranian flags and punching the air, carrying signs that read: “Down with the USA, down with Israel.”

Hamid Rasaee, a politician, said even people critical of the regime were protesting.

Trump ordered attacks on three of Iran’s most important nuclear facilities early Sunday morning – a move that has placed the US in the center of the conflict between Israel and Iran.

Iranians had faced the possibility of US intervention ever since Israel launched its strikes on nuclear and military targets last week – but many believed any action was days away.

That’s in part because Trump said Thursday he would decide whether to strike Iran within two weeks, seemingly opening a window for negotiations. That all changed early Sunday, when American bombers dropped more than a dozen massive “bunker buster” bombs on Iran’s Fordow and Natanz nuclear facilities, and Tomahawk missiles launched from the sea struck Isfahan.

“We do not have nuclear weapons, so why does he strike us?” he added, alluding to the Iranian regime’s insistence the country’s nuclear program is peaceful. Trump has claimed Iran was weeks away from acquiring a nuclear weapon, dismissing assessments from his own intelligence community that Iran was still years away from a weapon.

Qom residents slept through the attacks

While Trump has claimed the three sites struck by the US were “totally obliterated,” his defense secretary has said the full impact is still being assessed. And unlike the strikes by Israel in recent days, some of which targeted densely populated areas, the US attacks were concentrated in locations off-limits to most civilians.

Residents of Qom, a city some 30 kilometers (18 miles) from the Fordow nuclear site, woke to the sound of emergency vehicles’ sirens and the news that the secretive complex had been bombed a few hours earlier.

Five people living in Qom said they were surprised to learn what had happened when they got up, having heard nothing overnight.

Qom does not have an aerial attack warning system, so residents would have had no warning before the strikes.

Qom is considered a holy city, home to Iran’s largest and most famous Shia seminary. Iran’s Supreme Leader Ayatollah Ali Khamenei studied at the Qom Seminary, as did several of Iran’s former presidents.

Similarly, people living in a village some 35 kilometers (22 miles) from the Natanz facility said they heard nothing overnight.

In Tehran, far from the targeted nuclear sites, many were calling for Iran to respond with force. Fars released a compilation of short interviews with people on the streets of the capital Sunday.

Each of the eight people featured urged a retaliation – with most saying Iran should strike US bases in the region and close down the Strait of Hormuz on Iran’s southern shore, through which a third of global seaborne oil trade passes.

In Iran, signs of dissent tend to be quickly quashed, making it dangerous for people to express disagreement with the regime.

But Mohsen Milani, an Iranian scholar who has lived in the US for decades, said the US attack on Iran could spark more genuine support for the regime.

“It could ignite a new wave of nationalism, damage the future of U.S.-Iran relations more than the 1953 coup, accelerate Tehran’s pivot to Russia and China, and fundamentally reshape Iran’s defense, deterrence, and nuclear posture,” he said in a post on X.

Some of this sentiment was already on show in Tehran on Sunday.

“I will stay here and I will sacrifice my life and my blood for my country,” she said.

Everywhere around her, people were protesting the US, many holding anti-Trump signs and posters. Some of the posters ended up on the ground, where people stamped on them.

“We were living our normal lives and they attacked us. If someone strikes the United States, would they not answer? Of course they would,” she said.

Another person living in Tehran said they believed the regime was greatly weakened by the US strikes – because its opponents would now be able to call its bluff.

“The claims that the Iranian regime has always made – that it will attack all American bases and close the Strait of Hormuz – they made all these claims and the whole world saw that (the US) came and easily hit the Fordow and Natanz sites … but Iran was completely silent and no fighter planes took off and (it) used no defenses or missiles,” the person said, adding that if there is no response in the coming days, the regime’s supporters could abandon it.

“No sane person will stand by someone who is in a weak position, not even their own supporters,” they said.

This post appeared first on cnn.com

At least 20 people have been killed and 52 more are injured after a “terrorist attack” on a Greek Orthodox church in the Syrian capital on Sunday, according to the country’s health ministry.

He opened fire on the congregation of Mar Elias Church in Damascus, before “detonating himself using an explosive vest,” the ministry said in a statement.

A mass was being held at the church at the time of the attack, according to Syria’s state news agency SANA.

A video circulating on Syrian social media from inside the church shows dead bodies, significant destruction, shattered glass and broken chairs in the area where mass was being held, with blood visible throughout the scene.

Syria’s civil defense, popularly known as the White Helmets, said emergency teams were working to transfer the bodies to hospitals and secure the area.

“The treacherous hand of evil struck” on Sunday, the Greek Orthodox Patriarchate of Antioch said in a statement, writing that “an explosion occurred at the entrance of the church, resulting in the deaths of numerous martyrs and causing injuries to many others who were inside the church or in its immediate vicinity.”

“We offer our prayers for the repose of the souls of the martyrs, for the healing of the wounded, and for the consolation of our grieving faithful. We reaffirm our unwavering commitment to our faith and, through that steadfastness, our rejection of all fear and intimidation,” the church said.

The United Nations Special Envoy for Syria, Geir O. Pedersen, expressed “outrage” at the “heinous crime,” his office said in a statement.

“Mr. Pedersen calls on all to unite in rejecting terrorism, extremism, incitement and the targeting of any community in Syria. He sends his deepest condolences to the families of the victims and his hope for the recovery of those injured,” the statement said.

The United States’ Special Envoy for Syria, Thomas Barrack, called the attack an act of “cowardice,” saying in a statement that it has “no place in the new tapestry of integrated tolerance and inclusion that Syrians are weaving.”

The foreign ministries of Turkey, Jordan, Iraq, Israel, Greece, Cyprus, the United Arab Emirates, Qatar, Saudi Arabia, the Palestinian Authority, Yemen, Oman, Bahrain, Ukraine, Austria, Belgium, the Czech Republic and the Netherlands also spoke out in condemnation of the attack.

This post appeared first on cnn.com

US President Donald Trump’s decision to strike Iran’s nuclear facilities puts the Middle East in a volatile position, with all eyes now on Tehran’s next move.

Speaking in Istanbul, Iran’s Foreign Minister Abbas Araghchi said on Sunday his country has “a variety of options” when deciding how to respond to the US attacks.

From striking US bases in the region, to possibly closing a key waterway to global shipping, Iran is likely mulling its next moves. All carry inherent risks for the Islamic Republic, Israel and the United States.

Here’s what to know:

Iran could hit US military interests in the region

Direct US involvement in the conflict could see Iran’s Islamic Revolutionary Guard Corps (IRGC) activate what remains of its proxies across Iraq, Yemen and Syria, groups which have previously launched attacks on American assets in the region.

While Iran’s strongest ally in the region was once Lebanon’s Hezbollah, that group has been significantly weakened by Israeli attacks.

The Council on Foreign Relations (CFR) says the US maintains a presence at 19 sites in total across the region, with eight of those considered by analysts to have a permanent US presence. As of June 13, the CFR estimated some 40,000 US troops were in the Middle East.

In Iraq, for example, there were 2,500 US troops as of late last year. An Iranian attack on these forces is not inconceivable. In 2020, an Iranian missile attack on a US garrison left more than 100 soldiers with traumatic brain injuries.

A resurgence of attacks from Yemen against US assets is already on the table. Yemen’s Iran-backed Houthi rebels previously vowed to attack American ships in the Red Sea should the US join Israel’s conflict with Iran. A prominent Houthi official said in a social media post early Sunday that “Trump must bear the consequences” of the US airstrikes on Iranian nuclear facilities.

It is unclear if this marks the end of a US-Houthi ceasefire struck in May, in which Washington said it would halt its military campaign against the Houthis in exchange for the group stopping its attacks on US interests in the region.

Knowing that it can’t outright win a conflict against Israel and the US, experts have said that Tehran could seek to engage in a war of attrition, where it tries to exhaust its adversary’s will or capacity to fight in a drawn-out and damaging conflict, which Trump at the outset of his presidency said he wanted to avoid.

Iran could disrupt global oil trade

Iran also has the power to influence the “entire commercial shipping in the Gulf,” Ravid said, should it decide to close the Strait of Hormuz, a key oil shipping route.

There have so far been no material disruptions to the global flow of oil. But if oil exports are disrupted, or if Iran tries to block the Strait of Hormuz, the global oil market could face an existential crisis.

The strait links the Persian Gulf to the open ocean and is a key channel for oil and liquefied natural gas exports from the Middle East to the global market. About 20 million barrels of oil flow through the strait each day, according to the US Energy Information Administration.

A prominent adviser to Iran’s supreme leader has already called for missile strikes and the closure of the Strait of Hormuz.

“Following America’s attack on the Fordow nuclear installation, it is now our turn,” warned Hossein Shariatmadari, the editor-in-chief of the hardline Kayhan newspaper, a well-known conservative voice who has previously identified himself as a Khamenei “representative.”

Iran could race to build a bomb

Some experts say that Iran is very likely to race for a nuclear bomb now, even if the current regime collapses and new leaders come in place.

“Trump just guaranteed that Iran will be a nuclear weapons state in the next 5 to 10 years,” Trita Parsi, executive vice president of the Quincy Institute in Washington, DC, said on X. “Particularly if the regime changes.”

Parsi has said that even if the regime collapses and new military elements assume power, they are likely to be much more hawkish than the current regime and race toward a nuclear weapon as their only deterrent.

Experts have previously said that Iran likely moved its stocks of enriched uranium from its key nuclear facilities amid Israeli strikes.. Nuclear power plants that generate electricity for civil purposes use uranium that is enriched to between 3.5% and 5%. When enriched to higher levels, uranium can be used to make a bomb Israel and the US accuse Iran of pursuing nuclear weapons; Tehran insists its program is peaceful.

Iran is also likely to withdraw from the Nuclear Non-Proliferation Treaty, or the NPT, under which it has pledged not to develop a bomb.

“Iran’s response is likely not just limited to military retaliation. NPT withdrawal is quite likely,” Ali Vaez, director of the Iran Project at the International Crisis Group, said on X.

Iran could just keep hitting Israel for now

Iran’s first response to the US’ attack on its nuclear sites was to attack Israel, not US bases.

Iranian missiles hit a group of buildings in Tel Aviv, where 86 people were admitted to hospital with injuries overnight and on Sunday morning, according to Israel’s ministry of health.

Knowing it may not be able to sustain a full-on confrontation with the US, and hoping that Trump will scale back on his involvement following Sunday’s strike, Iran may merely seek to perpetuate the status quo, fighting only Israel.

Trump at the time wanted to “send a big message, get the headlines, show US resolve, but then avoid a wider war,” Shabani said.

While Iran may feel it has to retaliate to save face, it may be a bloodless response, similar to what happened in 2020, when it launched a barrage of missiles at US bases in Iraq, which resulted in traumatic brain injuries to personnel but no deaths.

Iran could resort to cyberattacks or terrorism

Two military analysts have said Iran could resort to “asymmetric” measures – such as terrorism or cyberattacks – to retaliate against the US because Israeli attacks have reduced Iran’s military capabilities.

“I think (the IRGC is) going to be a little bit careful, and I suspect that’s going to take us to all of the asymmetric things they can do: cyber, terrorism. I think that they’re probably going to be looking for things where the US cannot just put up the traditional defenses,” he added.

But, “albeit wounded,” the IRGC still has “some tremendous capacity,” he said. “It has capabilities that are already within the region and then outside the region. We are vulnerable… around the world, where the IRGC has either influence or can make things happen asymmetrically.”

Iran could resume nuclear talks

Iran has refused to return to the negotiating table while under Israeli attacks.

On Sunday, Araghchi said he does not know how “much room is left for diplomacy” after the US military strikes on Iranian nuclear facilities.

“They crossed a very big red line by attacking nuclear facilities. … We have to respond based on our legitimate right for self-defense,” Araghchi said.

Parsi said that by doing so, “the Iranians have cornered themselves.”

“Their aim is to force Trump to stop Netanyahu’s war, and by that show his ability and willingness to use American leverage against Netanyahu,” Parsi wrote. “But the flip side is that Tehran has given Israel a veto on US-Iran diplomacy – by simply continuing the war, Israel is enabled to block talks between the US and Iran.”

Iranian and European officials met Friday in Geneva for talks, which an Iranian source said started out tense but became “much more positive.”

Speaking Sunday, Araghchi said the US had decided to “blow up” diplomacy.

“Last week, we were in negotiations with the US when Israel decided to blow up that diplomacy. This week, we held talks with the E3 (group of European ministers)/EU when the US decided to blow up that diplomacy,” Araghchi said on X.

“The more likely situation is that the talks are over for now.”

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