Iran fired at the al-Asad and Erbil US air bases in Iraq, escalating an already tense situation that began last week after Iranian Gen Qassem Soleimani was killed in a US drone strike.
For the first time in years, Iran’s foreign minister might actually matter. The US couldn’t have picked a worse moment to make him a persona non grata.
Gen Qassem Soleimani's assassination is the latest and most conclusive evidence that Iranian revolutionaries have no greater friends than their supposed enemies in Washington.
The assassination of an Iranian general was a disaster for EU, with the bloc's Middle East strategy now shredded and the nuclear deal dead in all but name.
There is no particular reason to expect that Iran’s retaliation will target oil, except that even the best guarded of the industry’s installations have been shown to be vulnerable.
The US strike that killed General Qassem Soleimani, a man regarded as the second most powerful person in Iran, comes 2 days into Trump’s re-election year, and while he faces an impeachment trial.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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