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After demanding Iran’s unconditional surrender and threatening to erase its civilisation, U.S. President Donald Trump, on April 8, agreed to a two-week ceasefire and to hold direct talks with Tehran on the basis of its 10-point peace formula. Iran has said that it will honour the truce and allow the “safe passage” of vessels through…
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It is hard to miss the irony. The idea for a new trans-border payment system and a new currency was apparently discussed at the recently concluded BRICS summit in Russia, a country that has earned the reputation for being the world’s most sanctioned nation. Today, global transactions rely on the SWIFT system, with the US…
International Port of Shahid Beheshti in Chabahar. | Photo Credit: Getty Images Any country having business dealings with Iran runs the risk of sanctions, the United States has said, noting that it is aware that Iran and India have signed a deal concerning the Chabahar port. Responding to the India-Iran Chabahar agreement, “We are aware…
The story so far: In a bid to deepen ties in Asia and Africa, the heads of the BRICS nations (Brazil, Russia, India, China, and South Africa) are scheduled to meet in Cape Town, South Africa on August 22-24 this year. The bloc, which is seen as a counter to the G7, is also mulling…
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