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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 25, 2025

    Featured image for article about Headlines

    By Jeff Mason and Gram Slattery

    THE HAGUE (Reuters) -U.S. President Donald Trump compared the impact of American strikes on Iranian nuclear sites to the end of World War Two on Wednesday, arguing that the damage was severe even though available intelligence reports were inconclusive.

    His comments followed reports by Reuters and other media outlets on Tuesday revealing that the U.S. Defense Intelligence Agency had assessed that the strikes had set back Iran's nuclear program by just a few months, despite Trump and administration officials saying it had been obliterated.

    "The intelligence was ... very inconclusive," Trump told reporters while meeting with NATO Secretary General Mark Rutte ahead of a summit in The Hague. 

    "The intelligence says, 'We don't know, it could have been very severe.' That's what the intelligence says. So I guess that's correct, but I think we can take the 'we don't know'. It was very severe. It was obliteration," Trump added.

    SUCCESS OF IRAN STRIKES CRUCIAL FOR TRUMP

    Trump has an uneasy relationship with the U.S. intelligence community, and the success of the strikes is politically critical to him.

    His right-leaning supporters had argued loudly beforehand that such military intervention was inconsistent with Trump's domestic-focused "Make America Great Again" agenda and his promise to avoid foreign entanglements.     

    Trump has countered by insisting that Iran must never be allowed to obtain a nuclear weapon - a line that an accurate, decisive attack would support.

    Trump said the U.S. strikes were responsible for ending the war between Israel and Iran and compared them to the United States' use of atomic bombs on Hiroshima and Nagasaki in Japan, which brought an end to World War Two in 1945.

    "I don't want to use an example of Hiroshima, I don't want to use an example of Nagasaki, but that was essentially the same thing. That ended that war. This ended the war," Trump said.  

    Trump argued that Iran's nuclear program had been set back "basically decades, because I don't think they'll ever do it again" and he turned to top advisers to reinforce that message.

    Broadly, he has argued that the strikes were much more successful than has so far been reported in the U.S. media.

    The White House on Wednesday shared what it said was a statement from the Israel Atomic Energy Commission - that country's nuclear regulator - assessing that Iran's nuclear program had been set back by "many years."

    Al Jazeera quoted an Iranian official on Wednesday saying that the country's nuclear installations had been "badly damaged."

    HEGSETH AND RUBIO REINFORCE TRUMP'S MESSAGE

    Trump, who arrived in the Netherlands late on Tuesday for NATO's annual summit, was sitting beside Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth, who both also cast doubt on the reliability of the DIA assessment.

    "When you actually look at the report - by the way, it was a top secret report - it was preliminary, it was low-confidence," Hegseth said. "This is a political motive here."

    He said the FBI was investigating a potential leak. Rubio suggested that those responsible for sharing the report had mischaracterized it, saying: "This is the game they play."

    All three men criticized media reports about the intelligence assessments.

    At the summit, NATO member states were set to announce their joint intention to raise defense spending to 5% of gross domestic product.

    While some countries have suggested they may not in fact reach that threshold, the Trump administration has pointed to the expected commitment as a significant foreign policy victory.

    (Reporting by Jeff Mason and Gram Slattery; additional reporting by Bart H. Meijer and Makini Brice; Editing by Dominique Vidalon, Kevin Liffey, Richard Lough and Chizu Nomiyama )

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