Trade tensions: India, Brazil, South Africa slam unilateral tariffs; ‘discriminatory’ and ‘inconsistent’ with WTO

India, Brazil and South Africa have raised concerns over unilateral tariffs and other coercive trade measures, saying such steps risk destabilising global markets and undermining the World Trade Organisation (WTO).At a meeting under the IBSA framework (India, Brazil, South Africa), the three nations described these measures as “discriminatory” and “inconsistent” with WTO rules.The meeting was…

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Kurdistan oil exports: Iraq resumes supply after two-year halt; over $35 bn revenue lost during shutdown

Iraq has restarted oil exports from its autonomous Kurdistan region, ending a suspension that lasted more than two years because of legal disputes and pipeline closures.Baghdad’s oil ministry confirmed on Saturday that crude is once again moving through the Iraq-Turkey pipeline. The line, which had been closed since 2023, has been at the centre of…

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