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US-Iran war flares up, tightening India's geopolitical bind

US-Iran war flares up, tightening India's geopolitical bind
US-Iran war flares up again, putting India in a fresh geopolitical bind · livemint.com

The United States and Iran have started fighting more intensely again after weeks of uncertainty.

The United States says it attacked Iranian military and maritime equipment after attacks on American forces and ships.

Iran says it attacked American bases in several countries to push US troops out of the region.

Both sides have made claims about damage and casualties that the other side disputes.

The fighting could make it harder for oil and other energy supplies to move around the world.

That could make fuel more expensive.

India is trying to maintain relationships with Iran, the United States and other major countries at the same time.

India will host a BRICS meeting soon, where countries may disagree about how to describe the conflict.

Key facts

Oil prices on 2 September
Brent crude rose 1% to settle at $95.63 a barrel; West Texas Intermediate rose 0.9% to $91.01.
US targets
The US military said it struck Iranian air-defence and radar systems, maritime assets, mine-clearing capabilities and communications sites.
Iranian claims
Iran said it attacked US assets in Bahrain, Jordan, Kuwait and Iraq and reported strikes near the Strait of Hormuz, including Larak Island.
Shanghai Cooperation Organisation
The group condemned the strikes on Iran, calling them violations of international law and the UN Charter.
BRICS summit
India is scheduled to host the summit in New Delhi on 12 and 13 September.
India-Iran meeting
Narendra Modi met Masoud Pezeshkian in Bishkek on 31 August and discussed bilateral ties, regional conditions and reportedly the Chabahar port project.
US sanctions warning
Marco Rubio said countries helping Iran create revenue-generating mechanisms could face US sanctions.

Quotes

Narendra Modi

Prime Minister of India, posting after meeting Iranian President Masoud Pezeshkian

“Reiterated our commitment to strengthening India’s long standing friendship with Iran across diverse sectors. We want to expand and diversify our trade basket in the times to come. We had a discussion on the prevailing situation in the region. India will continue to support all efforts aimed at ensuring lasting peace”
livemint.com
“No country should be out there helping them create mechanisms by which they can generate revenue that they will then use to sponsor terrorism and try to build a nuclear weapon. And if countries decide to do that, then we're going to have to sanction them too”
livemint.com

Sources

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