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Iran

Bargains for Peace

In the shadow of escalating global strife, Jamie Dimon’s recent pronouncement rings with unsettling gravity: “World War III has already begun.” His words pierce through the financial pragmatism one might expect from a CEO, instead casting a sobering gaze upon a world veering toward conflagration.

Edge of Madness

The recent exchange of fire between Israel and Iran represents a troubling escalation in an already volatile region. Israel’s airstrikes, targeting military installations in Iran, were a response to Tehran’s earlier missile barrage on Israel.

On Iran’s terms’

To ensure effective implementation of their demands, the legislators called for an unspecified “verification” process, after which Iran would act to scale back its nuclear advances to come into full compliance with the terms of the JCPOA again. After waiting for a year following the US exit, Iran started gradually boosting its nuclear capabilities in 2019.

Iranian Muddle

Given India's own civilisational-cultural-economic stakes with Iran, the drift of Tehran towards Beijing could not have come at a worse time. With India‘s own geostrategic investments in the Chabahar port in Iran faltering, detrimental developments in Afghanistan, and the commercial implications of being unable to conduct Indo-Iranian trade due to the sanctions, the overall situation is grim. The possible linkages of the Chabahar imperatives with the Gwadar facility could be disastrous for Delhi. Besides, an energy-hungry economy like India always counted upon the Iranians as amongst the top three suppliers of oil

Iran, the world and India

In the light of recent events, the memorable 2016 visit of PM Narendra Modi to Iran and signing of the Chabahar Port agreement seems a distant dream. Post the collapse of JCPOA deal, relations became extremely sour as India had to cut its oil imports from Iran, which had an adverse impact on both nations as India receives Iranian oil at a comparatively cheaper price.