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US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

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US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

President Hassan Rouhani Threatens for Consequences

The US pressure on global community to stop buying Iranian oil by early November may trigger a regional crisis and force Iran to completely stop oil movement in the region. This was indicated by Iranian President Hassan Rouhani on Monday when he stressed that “it is not possible for the region’s oil to be exported while Iran’s oil is not”.

While addressing Iranian Diaspora in Swiss capital Bern, Rouhani said, “It would be meaningless that Iran cannot export its oil while others in the region can. Do this if you can and see its consequences.” Observers believe this could be serious threat.

Read More: US asks nations to stop Iranian oil import by Nov.4 or face sanctions

He said that Iranian nation has never bowed and will never bow to the foreign pressures. He said that Swiss officials have voiced their support to JCPOA and reiterated for continuation of economic ties with Iran. Representatives of 40 Swiss companies are scheduled to hold talks with Iranian counterparts on Tuesday, he informed.

Rouhani is currently visiting Europe to discuss the fate of the multilateral nuclear deal after US withdrawal. After visiting Switzerland he is scheduled to go to Austria where he will meet President Alexander Van der Bellen and Chancellor Sebastian Kurs.

Read More: India under US pressure to cut oil imports from Iran, Govt says exploring all options

On Monday, Rouhani met his Swiss counterpart Alain Berset and discussed issues of common interest and explored the ways to strengthen ties in various fields. He described the Iran deal as “multilateral international agreement” adding that the US withdrawal from the accord proved its lack of commitment to its international obligations.

US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

Meanwhile, Brian Hook, the State Department Director of Policy Planning, on Monday, has spelled out a campaign of “maximum economic and diplomatic pressure” to drive Iran towards negotiating a “better” deal to replace the Iran nuclear deal.

He told reporters that Iran is not a “normal” country and must meet 12 demands in order to be relieved of US sanctions. “Normal countries don’t terrorize other nations, proliferate missiles and impoverish their own people,” he said.

He further said, “This new strategy is not about changing the regime, it is about changing the behaviour of the leadership in Iran to comport with what the Iranian people really want them to do.”

Read More: US urge Security Council to punish Iran for malign behaviour

US Department of State called on its allies in Europe, Asia and the Middle East to adhere to the sanctions with the aim of pressuring Iran into negotiating a new agreement.

By the end of this week Hook is scheduled to visit aome European allies: Britain, France and Germany to discuss Iran. Hook has also said he and senior Treasury Department officials would visit Gulf states “in the coming days.”

Hook told reporters that the goal of the US was to get as many countries as possible down to zero Iranian oil imports. “Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue on crude oil sales,” he said.

“We are working to minimize disruptions to the global market but we are confident there is sufficient global spare oil capacity.”

Read More: Khamenei: US will fail in dividing Iran’s people and government

He also claimed that more than 50 international firms have already announced their intention to leave the Iranian market, especially in the energy and financial sectors.

The State Department official said that new sanctions, describes as “snap back” sanctions, will begin on August 4, targeting Iran’s automotive sector and its trade in gold and other key metals.

The second set of sanctions will snap back on November 6 targeting Iran’s energy sector, focusing on petroleum-related transactions, plus transactions with the central bank of Iran.

The move comes two months after US President Donald Trump announced US withdrawal from the Iran nuclear deal.

During 1980-1988 Iraq-Iran war, when most of the Arab states and Western countries were supporting Iraq’s Saddam Hussein regime against newly established Islamic Republic of Iran after throwing pro-US Shah Pehlavi out of power, Tehran had threatened to stop oil movement from regional Arab countries by blocking the Strait of Hormuz, the world’s most strategic important choke point. It is the narrowest strait having width of 54 kms.

Observers consider that Iran’s President Hassan Rouhani’s threat of “consequences” in case Iran’s oil was not allowed to be exported may cause a huge crisis in the region.

US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

Meanwhile Major General Gholam Ali Rashid, a senior commander of Islamic Revolution Guards Corps (IRGC), said on Monday, that any threat against Iran at any level will not be left unanswered and emphasised that the country’s armed forces were fully prepared to give a firm and crushing response to enemies.

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US lawmakers move resolution to roll back Trump’s 50% tariffs on Indian imports

Three US lawmakers have moved a resolution to end Trump’s emergency declaration that imposed 50% tariffs on Indian goods, calling the move illegal and harmful to trade ties.

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Three members of the US House of Representatives have introduced a resolution seeking to end former President Donald Trump’s national emergency declaration that led to steep tariffs on imports from India. The lawmakers termed the duties illegal and warned that they have hurt American consumers, workers and long-standing India-US economic ties.

The resolution has been moved by Representatives Deborah Ross, Marc Veasey and Raja Krishnamoorthi. It aims to terminate the emergency powers used to impose import duties that cumulatively raised tariffs on several Indian-origin goods to 50 per cent.

What the resolution seeks to change

According to details shared by media, the proposal specifically seeks to rescind an additional 25 per cent “secondary” tariff imposed on August 27, 2025. This was levied over and above earlier reciprocal tariffs, taking the total duty to 50 per cent under the International Emergency Economic Powers Act.

The House move follows a separate bipartisan effort in the US Senate that targeted similar tariffs imposed on Brazil, signalling growing resistance in Congress to the use of emergency powers for trade actions.

Lawmakers flag impact on US economy and consumers

Congresswoman Deborah Ross highlighted the deep economic links between India and her home state of North Carolina, noting that Indian companies have invested over a billion dollars there, creating thousands of jobs in sectors such as technology and life sciences. She also pointed out that manufacturers from the state export hundreds of millions of dollars’ worth of goods to India each year.

Congressman Marc Veasey said the tariffs amount to a tax on American households already facing high costs, stressing that India remains an important cultural, economic and strategic partner for the United States.

Indian-American Congressman Raja Krishnamoorthi described the duties as counterproductive, saying they disrupt supply chains, harm American workers and push up prices for consumers. He added that rolling back the tariffs would help strengthen economic and security cooperation between the two countries.

Background of the tariff hike

Earlier in August 2025, the Trump administration imposed a 25 per cent tariff on Indian goods, which came into effect from August 1. This was followed days later by another 25 per cent increase, citing India’s continued purchase of Russian oil. The combined duties were justified by the administration as a measure linked to Moscow’s war efforts in Ukraine.

Wider push against unilateral trade actions

The latest resolution is part of a broader push by congressional Democrats to challenge unilateral trade measures and reassert Congress’ constitutional authority over trade policy. In October, the same lawmakers, along with several other members of Congress, had urged the President to reverse the tariff decisions and work towards repairing strained bilateral relations with India.

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Mexico imposes 50% tariff on Indian imports, auto exports maybe hit

Mexico’s approval of 50% import duties on select goods from India and other Asian countries threatens nearly $1 billion worth of Indian exports, especially in the automobile sector.

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Mexico has cleared steep import duties of up to 50% on several goods from Asian nations, a move that places nearly $1 billion worth of Indian exports at risk from January 1, 2026. The decision targets countries that do not have a trade agreement with Mexico, including India, South Korea, China, Thailand and Indonesia.

Mexico moves to shield domestic industry

The new duties—covering items such as automobiles, auto parts, textiles, plastics, steel, footwear, furniture, toys, appliances, leather goods, and cosmetics—are aimed at strengthening local manufacturing. Mexico says the tariff push is designed to reduce dependence on Asian imports and support domestic producers.

China stands to face the highest impact, with Mexican imports from the country touching $130 billion in 2024. According to Mexico, the revised tax structure is also expected to generate $3.8 billion in additional revenue.

Mexican President Claudia Sheinbaum has backed the decision, framing it as an investment in domestic employment creation. Analysts, however, believe the move may also align with the United States’ expectations ahead of the upcoming United States–Mexico–Canada (USMCA) review.

Impact on India’s automobile exports

The sharpest blow for India will fall on its automobile sector. Imports of passenger cars into Mexico will now face 50% duty instead of the earlier 20%, threatening the competitiveness of major exporters including Volkswagen, Hyundai, Nissan and Maruti Suzuki.

Industry estimates cited in a report say around $1 billion worth of Indian automobile shipments could be affected. Ahead of the tariff announcement, an industry body had urged the Indian government to engage with Mexican authorities to safeguard market access.

Mexico is currently India’s third-largest car export destination, trailing only South Africa and Saudi Arabia.

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Luthra brothers detained in Thailand after Goa nightclub fire tragedy

Delhi restaurateurs Saurabh and Gaurav Luthra, accused in the Goa nightclub fire that killed 25 people, have been detained in Thailand as India moves to secure their deportation.

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Delhi-based restaurateurs Saurabh and Gaurav Luthra, wanted in connection with the Goa nightclub fire that claimed 25 lives, have been detained in Thailand. Images circulating online show the brothers with their hands tied, holding their passports, as they stand beside Thai police officials.

Brothers held in Phuket as India seeks deportation

The Luthra brothers, who run the Romeo Lane chain across multiple cities and countries, left for Phuket just hours after a massive blaze gutted their ‘Birch by Romeo Lane’ nightclub in north Goa’s Arpora. They are facing charges including culpable homicide not amounting to murder and negligence. Indian agencies are now preparing to push for their deportation so they can be tried in Goa.

Deadly fire triggered by flammable decor and safety lapses

The late-night blaze erupted during a musical event attended by around 100 people, most of them tourists. The use of electric firecrackers during a performance is suspected to have triggered the fire. The venue’s heavy use of flammable décor and absence of functional fire extinguishers or alarms turned it into a death trap.

A narrow access road further delayed fire engines, forcing responders to park nearly 400 metres away, significantly hindering rescue operations. By the time the blaze was doused, 25 people — including five tourists and 20 staff members — had died, most due to toxic smoke inhalation in the basement.

Police pursuit and legal battle

Following the incident, four staff members were arrested and a search began for the Luthras. Investigators from Goa and Delhi discovered the brothers had booked their tickets soon after the fire and left the country within hours. Their business partner, Ajay Gupta, has already been arrested in Delhi.

The brothers have moved a Delhi court seeking anticipatory bail, arguing they were licensees, not owners, of the building. They claimed they were not present at the nightclub when the fire occurred and said their travel to Thailand was for a business meeting, not to evade investigation. Their plea seeks four weeks of protection from arrest upon their return to India.

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