Iran for expanding use of national currencies, diversification in trade | External Affairs & Defence Security News

Iranian President Masoud Pezeshkian on Friday called for a stronger shift toward local currencies in Brics trade, while pitching Iran’s geography, energy resources and transport links as a strategic bridge for the bloc’s economic connectivity. Speaking at the Brics Business Forum, Pezeshkian said Brics must move beyond its economic potential and build a more integrated…

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Commercial Vessel Hit by Unknown Projectile in Strait of Hormuz, UKMTO Issues Fresh Warning to Ships

5 US-Israel-Iran War Latest Live News: A fresh security alert from the Strait of Hormuz has put commercial shipping on edge after a vessel was hit by an unknown projectile while passing through the strategically important waterway late on September 12. The United Kingdom Maritime Trade Operations (UKMTO) reported the incident early Sunday, but authorities have…

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Pezeshkian warns US, Israel in New Delhi

Iran will not yield to “bullying” or “arrogance” and will continue to defend its national interests, Iranian President Masoud Pezeshkian said in New Delhi on Friday, in a message directed at the United States and Israel amid renewed hostilities in West Asia. Addressing a gathering of religious leaders, academics, intellectuals and business representatives, Pezeshkian said…

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From Wall Street acronym to global power center

What began as a four-country forum has become an economic heavyweight challenging the old global order The centerpiece of the BRICS program is underway in New Delhi. The group’s Business Forum was held on September 11, and the Indian capital is hosting the 18th BRICS Summit on September 12-13. This year’s gathering is deeply symbolic….

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BRICS Summit 2026: New Delhi Declaration adopted by consensus; members back West Asia dialogue, Gaza peace efforts

In a major diplomatic victory for India, the BRICS member nations and partners on Saturday adopted the New Delhi Declaration unanimously, calling for restraint amid escalating tensions in West Asia, backing dialogue and diplomacy to achieve lasting peace, and reaffirming support for a two-state solution to the Israeli-Palestinian conflict, news agency PTI reported. The grouping…

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EXPLAINER – What is Saudi Arabia’s East-West pipeline, and what its ‘precautionary’ shutdown means?

By Yusuf Alioglu and Rania Abushamala ISTANBUL (AA) – Saudi Arabia’s shutdown of its vital East-West oil pipeline following drone strikes has brought renewed attention to its role in carrying crude from the kingdom’s eastern oil-producing region to the Red Sea while bypassing the Strait of Hormuz. The Saudi Energy Ministry said Friday that the…

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British firms face boycotts in US if they implement Labour’s new ban on trading with Israel’s West Bank

British firms face boycotts in US if they implement Labour’s new ban on trading with Israel’s West Bank

British firms operating in the US face boycotts if they implement Labour’s new ban on trading with Israeli settlements in the occupied West Bank.  The UK government announced the trade ban on Tuesday, saying that the settlers in the territory are carrying out ‘ethnic cleansing’ of Palestinians, in a significant toughening of Britain’s stance toward…

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Athens, Bucharest deepen energy connectivity

Athens, Bucharest deepen energy connectivity

Greece and Romania have discussed opportunities to further expand economic cooperation, including in energy, transport connectivity, trade and investment. According to Greece’s Kathimerini newspaper, these issues were at the center of a meeting in Bucharest between Greek Minister of Economy and Finance and Eurogroup President Kyriakos Pierrakakis and Romanian President Nicușor Dan. Greece and Romania…

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