Similar Posts
SCO Unveils Strategic Roadmap for Settlements Using National Currencies
The Shanghai Cooperation Organization (SCO) is advancing efforts to promote settlements in national currencies among its member states, as highlighted by Deputy Secretary-General Sohail Khan. A comprehensive roadmap has been developed to facilitate these transactions, aimed at reducing reliance on dominant currencies and enhancing economic independence. Key aspects include collaboration among finance ministries and central banks, a focus on full member states, and ongoing feasibility analyses, with expected results by mid-next year. This initiative seeks to strengthen trade and investment flows, promote financial sovereignty, and foster regional economic stability and cooperation amid global economic uncertainties.
Japan Boosts Support for Iran’s Grassroots Initiatives with New Financial Aid Package
A ceremony at the Japanese Embassy in Tehran marked Japan’s financial aid to enhance healthcare in Iran, focusing on vital medical services for women and vulnerable groups. Key projects include providing endoscopy equipment for Qeshm Island, mammography for low-income women in Bushehr, vocational training for women in Tehran, and physiotherapy equipment for disabled individuals in Alborz. With a total budget exceeding 400,000 euros, these initiatives aim to improve access to essential health services for thousands. The collaboration highlights the historical ties between Iran and Japan, reinforcing their commitment to supporting healthcare for marginalized populations.
US Unveils Fresh Sanctions Targeting Iran’s LPG Network Amid Ongoing Negotiations
The U.S. has imposed new sanctions on Iranian LPG magnate Seyed Asadoollah Emamjomeh and his corporate network, crucial for shipping Iranian LPG and crude oil internationally. This action aligns with the U.S. maximum pressure campaign aimed at curbing Iran’s nuclear ambitions amid ongoing discussions about the nuclear program. Following positive talks in Oman and Rome, expert-level discussions are set for Muscat, Oman. The sanctions reflect heightened tensions since the U.S. withdrawal from the 2015 nuclear deal. As negotiations continue, the international community watches closely, hoping for a diplomatic resolution to ensure regional stability and global security.
IEA Predicts Global Oil Market Surplus by 2025: What It Means for Prices and Supply
OPEC+ is contemplating extending the unwinding of production cuts beyond April, potentially increasing oil supply by 400,000 barrels per day (b/d) if overproduction among members is not curbed. Uncertainties surrounding trade negotiations and tariffs complicate market dynamics and their effect on oil prices. Despite these challenges, global oil demand is projected to grow, surpassing 1 million b/d, with a total of 103.9 million b/d expected in 2024. Demand is anticipated to rise further by 1.3 million b/d in 2025, driven largely by growth in Asia, particularly China, though this is a downward adjustment from previous estimates.
