Netanyahu claims Iran expanding nuclear program, deceiving negotiators

Israeli Prime Minister Benjamin Netanyahu is set to present evidence to the White House suggesting that Iran is expanding its nuclear and missile programs and not negotiating in good faith. The intelligence, reportedly concerning activities at the Pickaxe Mountain facility near Natanz, alleges that Iran is deceiving international negotiators. This development comes as Netanyahu meets with U.S. President Donald Trump in Washington, marking their first direct talks since the onset of the Iran conflict. The meeting and the intelligence revelations come amid ongoing U.S.-Iran negotiations, which have experienced a fragile lull in hostilities. Key Takeaways Market pricing suggests a decrease in the likelihood of upcoming US-Iran peace talks, with odds for a meeting by July 31, 2026, dropping to 5.5% from 8% over the past 24 hours. The assertion of Iran’s deceit in negotiations may indicate a reduced probability of a US-Iran deal incorporating key terms, with markets reflecting a 26.5% likelihood of such a deal in 2026. Despite the focus on Iran’s nuclear threat, the probability of a Trump-Netanyahu meeting remains high, with odds nearing 99% for a meeting by July 31, 2026. What to Watch...