The United States and Iran concluded the first phase of in-person talks in Islamabad, with both delegations exchanging written texts to formalise areas of understanding. The discussions, involving key representatives from both sides, are aimed at reducing tensions and exploring possibilities of a structured understanding.
More than three months after RBI scrapped a long-standing payment mechanism used to pay for Iranian crude imports, India has resumed payments to the nation's second largest oil supplier using an alternative system.
The reimposition of sanctions on Iran will have major impact on countries like India, with which it has traditional and historic trade relationship.
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