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Iran IAEA ties

Iran’s foreign minister has stressed the importance of technical, professional and impartial works by the International Atomic Energy Agency urging the nuclear watchdog not to give into political pressures by certain countries. Hossein Amir-Abdollahian has also reiterated Iran’s willingness for constructive cooperation with the IAEA within the framework of safeguard agreements with the agency. He made the remarks in a meeting with the visiting head of the IAEA. Rafael Grossi, for his part expressed the agency’s readiness to resolve the remaining issues in cooperation with Iran in the upcoming months. Grossi who is on an official visit to Tehran, also met with Iran’s nuclear chief earlier on Tuesday. After the meeting, Mohammad Eslami said Iran is looking to resolve technical issues in its cooperation with the UN nuclear watchdog without politicizing the matter. He said Grossi also acknowledged that there’s no diversion in Iran’s nuclear program.

US-Russia tensions over Ukraine

Russia warns that any decision by the US to send military advisers and more hardware to Ukraine will further fuel tensions in the region. The warning comes as Russian Defense Minister Sergey Shoigu says US bombers significantly intensified their activities near his country's borders over the past month. Tensions remain high between Russia and the West over Ukraine. Kiev and its Western allies accuse Moscow of unusual troop movement along its border with Ukraine. The Kremlin rejects the accusation, saying Russia has no aggressive plans. Russia says it is rather seriously concerned about Ukraine and its allies’ actions near its borders. Earlier today, the U-S sent two patrol boats to Ukraine through the Black Sea.

Turkish Lira crash

Turkey’s currency crisis rages on as the Lira drops to an all-time low, crashing by 15% to as low as 13.45 to the dollar. The sharp sell-off came a day after the Turkish President, defended recent rate cuts by the central bank saying his country was fighting an economic war of independence. This is while economists have called for higher interest rates to cool down inflation which is at an annual rate of nearly 20%. The lira is the worst performer in emerging markets this year. It has lost 38% of its value against the dollar this year, including a 17% tumble since the beginning of last week. Analysts blame the country's currency crisis on the government’s economic mismanagement. Opposition politicians are now calling for early elections. The country’s general election is scheduled for mid 2023.


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