Vladimir Putin has arrived in India’s capital of Delhi ahead of an 11-member Brics summit set to be dominated by wars in the Middle East and Ukraine, as well as economic challenges. The Russian president and his Iranian counterpart, Masoud Pezeshkian, were due to hold talks with India’s prime minister, Narendra Modi, while Chinese leader Xi Jinping was also expected to attend the two-day meeting. Putin arrived at Palam air force Station in Delhi, where he was greeted by India’s minister of state for external affairs, Kirti Vardhan Singh, according…
Tag: Iran
China denounces US threat of sanctions over trade with Iran
China has denounced the threat of US sanctions for its trade with Iran, saying any such measures would be illegal, and warned it would take “all necessary measures” to protect its national interests. Beijing’s rejection of the US threat of secondary sanctions for any country or entity continuing to trade with Tehran had been predicted. China buys an estimated 80% of Iran’s oil exports and has defied previous US efforts to limit the flow of revenue to the Tehran regime. Its statement of opposition raises the question of how far…
‘Economic D-day’: how desperate is Trump to end Iran war? — The Latest
The White House has threatened sanctions on any country that trades with Iran in another bid to economically isolate the country, as US military efforts falter. Launching what he called Operation Economic Outcast, the US Treasury secretary, Scott Bessent, compared it with D-day. China, Iran’s biggest trading partner, has already signalled that it will not cooperate with Trump’s attack on the Iranian economy. Lucy Hough speaks to Julian Borger, senior international correspondent – watch on YouTube The Guardian
The Heat on Treasury Secretary Scott Bessent Grows
Andrew here. Wowsers. Wall Street is buzzing about an opinion essay in The Wall Street Journal by Stanley Druckenmiller, a billionaire investor. Druckenmiller criticized Treasury Secretary Scott Bessent’s bond buyback plan, calling it a mistake — and, worse, suggesting it’s a stab at manipulating the bond market. Remember that Druckenmiller more recently employed Kevin Warsh, now the Fed chairman, who has argued that the government should intervene less in markets, not more. Read more below. The risks of Bessent’s multifront war Treasury Secretary Scott Bessent has spent much of August…
China is the biggest buyer of Iran’s oil. Could US sanctions threaten those ties?
The US has unveiled an expansion of sanctions that it says will cut off Iran’s economic lifeline but stopped short of the most punishing measures, instead putting the world on notice to cease doing business with the Islamic republic. Treasury secretary Scott Bessent warned other countries would need to sever business ties with Iran or risk being forced out of the dollar-based financial system. He previously urged cooperation from China – the biggest buyer of Iranian oil for several years – although the US blockade of Iran’s ports, renewed in…
Iran vows to retaliate against countries that cooperate with fresh US sanctions
Tehran has vowed to retaliate against any country that cooperates with the US attempt to impose fresh sanctions against Iran in what the Treasury secretary, Scott Bessent, has billed as “the single greatest financial offensive ever marshalled against an adversary”. In advance of the US announcement, the United Arab Emirates, Iran’s single biggest trading partner in the Middle East, announced it was ending all trade with Iran, a move Tehran believes was coordinated between Washington and the UAE. The US has said it will impose sanctions on any country or…
President Xi nevers wastes a good crisis. As Iran, Ukraine and Palestine distract the world, he tightens his grip | Simon Tisdall
Imagine what would happen if a British prime minister in London told the Scots they could not have their own parliament, national football team or fly the saltire. Or if the Welsh were told their language and poetry were banned and must no longer be taught in schools. The ensuing uproar would probably destroy the United Kingdom. Yet that’s exactly what Xi Jinping, China’s communist emperor, is telling the roughly 125 million members of the 55 ethnic and religious minorities who together comprise about 9% of the country’s (majority Han…
How Chinese tech and Russian tactics are aiding Iran’s bombing of US bases
As the crisis in the Middle East escalates, Iran has been bombing US bases and critical infrastructure in the Gulf with increasing accuracy, helped by Chinese satellite imagery and tactics learned by Russia in Ukraine. Three US soldiers were killed last Friday in an attack on the Muwaffaq Salti airbase in Jordan, which was being protected by a Thaad air defence system. Satellite imagery later released by Iranian media showed several buildings had been destroyed. It is not clear why the air defence system failed in that incident, which is…
Iran, China, Canada? A Defense of Trump’s Grand Strategy
Is President Trump’s grand strategy unraveling? The United States is at war with Iran, China is ascendant, Russia and Ukraine are stalemated and American allies are openly questioning our commitment to them. Elbridge Colby, the under secretary of defense for policy, joins me to discuss the state of America’s foreign policy and he makes the case that Trump’s approach to our allies and adversaries is making us stronger. Below is an edited transcript of an episode of “Interesting Times.” We recommend listening to it in its original form for the…
Soaring Egg Prices Are Hitting China Hard
In China, the humble egg, a longtime supporting act in many dishes, is now center stage. Around dining room tables, budget-conscious families are griping about its sudden spike in price. In the countryside, befuddled farmers who complained of a glut of eggs last year now fret about scarcity. At food stalls, frustrated cooks are reeling from the one-two punch of egg prices and rising energy costs from the Iran war. Even state media has taken to using the term “rocket eggs” to describe skyrocketing prices. Egg prices are up by…