What We’re Watching: Iran rejects US nuclear offer, Musk-Trump divorce goes public, Mongolian PM resigns

Iranian leader pours cold water on nuclear deal

US President Donald Trump’s hopes of clinching a quick and easy nuclear deal with Iran appear to be dashed, after Iranian Supreme Leader Ayatollah Ali Khamenei described the White House proposal – sent on Saturday – as “rude and arrogant.” The rejection comes days after a UN nuclear watchdog reported that Iran’s uranium is approaching weapons-grade levels. Even so, “Iran isn’t rejecting diplomacy and talks are likely to continue,” says Eurasia Group’s Iran expert Gregory Brew.

A Big Beautiful ‘Abomination’

“A disgusting abomination” – that’s how Tesla owner Elon Musk described the House Republicans’ “Big Beautiful Bill” on Tuesday afternoon, as his divorce from Trump grows increasingly public. Following Musk’s comment, some of the very people who passed the House bill are also now expressing buyer’s remorse. It looks like the chainsaw-wielding Musk has instead turned to throwing wrenches…

Mongolian PM steps down

Prime Minister Luvsannamsrai Oyun-Erdene has resigned following protests about alleged corruption. Mongolia is a sprawling, resource-rich former-Soviet satellite surrounded entirely by Russia and China. Unlike anyone else in the neighborhood, it has maintained a functioning multiparty democracy since the early 1990s, but this resignation marks a setback. A successor to Oyun-Erdene will be named within 30 days.