economictimes.com·4 min read·hard

As PM Modi pushes India-Iran trade at SCO, Rubio warns of sanctions for helping Tehran

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As PM Modi pushes India-Iran trade at SCO, Rubio warns of sanctions for helping Tehran
AI Summary

US Secretary of State Marco Rubio warned that countries facilitating trade with Iran to help it evade sanctions could face US penalties. This follows a meeting between Indian Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian at the SCO summit.

Why it matters

The statement highlights the ongoing geopolitical tension between the US and Iran, and the pressure placed on third-party nations to align with US foreign policy.

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Washington: US Secretary of State Marco Rubio has said that he does not believe there are talks currently going on for a trade deal between India and Iran, while warning that countries helping Tehran amid the West Asia conflict to evade US sanctions could face sanctions themselves.Rubio's remarks came after Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian on the sidelines of the 26th Shanghai Cooperation Organisation (SCO) Summit in Bishkek, Kyrgyzstan, where the two leaders discussed bilateral ties, trade and the prevailing situation in West Asia.Speaking to Brian Kilmeade on The Brian Kilmeade Show on Tuesday when asked about the meeting and whether India and Iran were setting up some form of trade deal, Rubio said, Well, I don't think there's a trade deal between India and Iran.

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