Shift from dollar to yuan could threaten petrodollar system, a 1970s arrangement where oil-exporting nations price their oil exclusively in US dollars in exchange for US security guarantees.
The latest request by the Maldivian govt to roll-over a $400 million currency swap line has raised alarm bells in New Delhi. If granted, this would be the 3rd extension of the loan.
The incident comes as confusion remains over the status of the critical waterway. Tehran has declared the strait closed as US continues its naval blockade of Iranian ports.
Commander Purnendu Tiwary, the 8th Indian naval veteran who was pardoned by Amir of Qatar along in February 2024 on charges of espionage, has now been sentenced to imprisonment in a different case.
Ukraine’s Secretary of of the National Security and defence Council Rustem Umerov is currently in the national capital and held meetings with NSA Ajit Doval and EAM S. Jaishankar.
Tehran has maintained that Lebanon is a part of the ceasefire mediated by Pakistan and announced last week by the US, Israel and Iran. However, Israel and the US had said otherwise.
LoI focuses on enhancing defence industrial cooperation and technology cooperation. It builds on the India-EU security and defence partnership signed this year.
According to reports in Iranian media, officials familiar with the discussions said Asim Munir's Tehran visit had helped narrow some differences, though significant obstacles remain.
US has begun discussing India-Middle East-Europe Economic Corridor (IMEC), whose infra has remained dormant amid West Asia turmoil but digital ecosystem sees growth with India-UAE efforts.
The silence may have to do with the state’s history of political violence. During the 2021 post-poll violence, BJP leaders 'ran away leaving their voters at the mercy of the mob'.
Share of trade with FTA partners rose from 4.6% in 2006 to 28.8% in 2024. India is currently negotiating or advancing agreements with US, Israel, GCC, Canada & Mexico.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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