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Saudi Arabia Agrees To Pump More Oil to Maintain Balance

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Saudi Arabia Agrees To Pump More Oil to Maintain Balance

[vc_row][vc_column][vc_column_text]Following US suggestion to be ready to produce more oil for filling vacuum after closure of Iranian oil export, Saudi Arabia’s cabinet on Tuesday endorsed the kingdom’s readiness to pump more oil to maintain market balance and stability, the official Saudi Press Agency (SPA) said.

A statement issued after the cabinet meeting chaired by King Salman said, “The kingdom is prepared to utilise its spare production capacity when necessary to deal with any future changes in the levels of supply and demand.”

On Saturday, US President Donald Trump said Saudi Arabia’s King Salman has agreed to his request to increase oil output “maybe up to” two million barrels.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Saudi Press Agency reported that both leaders also discussed “efforts by the oil-producing countries to compensate for any potential shortage in supplies.”

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

Trump’s claim comes after the Organization of the Petroleum Exporting Countries (OPEC), a grouping of oil-producing states that includes Saudi Arabia, already agreed to ramp up production by a million barrels a day at a meeting earlier this month.

According to Organisation of Petroleum Exporting Countries (OPEC), Saudi Arabia produces approximately 10 million barrels of crude per day. The US Energy Information Administration label Saudi Arabia as the world’s top oil exporter and has usually kept at least 1.5 million to two million barrels per day of spare capacity.

The Trump administration has on June 26 asked international community to cut all imports of Iranian oil before November 4, when the US re-imposes sanctions against that country. Trump has withdrew from a 2015 multilateral nuclear deal signed by Iran and P5+1, five permanent members of UNSC plus Germany.

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

Washington has been pressing allies in Europe, Asia and the Middle East, including Saudi Arabia, to adhere to the sanctions, which are aimed at pressuring Iran to negotiate a new agreement to halt its nuclear programmes.

Saudi Arabia Agrees To Pump More Oil to Maintain Balance

Meanwhile, Iran’s President Hassan Rouhani, has once again on Tuesday, lashed out American officials for threatening to stop Iran’s oil exports, saying they would never be able to carry out such a threat. He made these remarks in Bern in a joint press conference with his Swiss counterpart Alain Berset.

He said, “The US [officials’] statement in this regard is unilateralism…and a breach of all international rules and regulations in energy and trade sectors.”  He added that it is “incorrect and unwise” to think that “one day all oil producing countries would export their surplus oil and Iran would be the only country that cannot export its oil.”

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

President Rouhani also reaffirmed his country’s stance on Iran nuclear deal known as JCPOA after US withdrawal, saying that Tehran would stay in the deal as long as its interests are preserved.

On Sunday, Iran’s Vice President Eshaq Jahangiri said that the country was considering oil exports by the private sector in a bid to thwart US sanctions. He said, “The target of the US is firstly [to cut down Iran’s] oil [sales]. They want Iran’s oil not to be sold, which is impossible and such measures are taken in line with a psychological war.”[/vc_column_text][/vc_column][/vc_row]

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S Jaishankar says India is a natural option for Russia amid Europe tensions

External Affairs Minister S Jaishankar said India remained a natural option for Russia as Moscow increasingly turned towards Asia amid strained relations with Europe. He highlighted the continuity of India-Russia ties and their significance for the balance of power in Asia.

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External Affairs Minister S Jaishankar has described India as a natural option for Russia as Moscow increasingly looks towards Asia amid deteriorating relations with Europe. He said India’s longstanding relationship with Russia had remained steady despite significant changes in the international strategic landscape.

Jaishankar made the remarks during a conversation with John Micklethwait, editor-in-chief of the Bloomberg New Economy Forum. He discussed how the Russia-Ukraine war had affected Moscow’s relationship with Europe and contributed to Russia’s growing focus on Asia.

Jaishankar highlights Russia’s shift towards Asia

Jaishankar said Russia’s relationship with Europe had become deeply strained following the Ukraine war. He noted that Russia had historically viewed itself as a European country and placed considerable importance on its relations with Europe and the United States.

However, the conflict had pushed Moscow to look increasingly towards Asia,with much of that shift directed towards China.

The minister said it was in India’s interest, as well as the wider world’s interest, for Russia to maintain multiple relationships in Asia rather than having its options concentrated in one direction.

Against this backdrop, he described India as a natural partner for Russia, pointing to the longstanding nature of the relationship between the two countries.

India-Russia ties remain steady despite global changes

Jaishankar said India and Russia had maintained a consistent relationship over several decades. He emphasised that New Delhi continued to engage with Moscow even as the global order and Russia’s strategic calculations evolved.

According to the minister, India was reassuring Russia that the relationship built over nearly eight decades remained steady despite the changes in Moscow’s relations with Europe and the wider West.

He stressed that India was not passing a value judgment on those changes but was continuing its bilateral engagement with Russia.

Jaishankar said the relationship had benefited both countries and contributed to the balance of power and the broader status quo in Asia. 

Why the relationship matters for Asia

Jaishankar’s remarks highlighted India’s position in Russia’s changing regional outlook. As Moscow increasingly turns towards Asia, India continues to maintain its longstanding ties with Russia while navigating a changing international environment.

The minister’s comments underscored the importance he placed on preserving India-Russia ties and ensuring that Russia maintained multiple relationships in Asia. 

His assessment came against the backdrop of strained Russia-Europe relations following the war in Ukraine, which has reshaped Moscow’s engagement with Western countries and increased its focus on Asian partners.

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Putin praises PM Modi, says he has very good ideas on Ukraine war

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for repeatedly raising the need to end the Ukraine war, describing his ideas for a settlement as “very good”.

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Vladimir Putin

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for his continued efforts to promote an end to the Russia-Ukraine war, saying the Indian leader has “very good ideas” aimed at finding a mutually acceptable solution.

Putin made the remarks while addressing the Valdai Forum of international Russia experts, where he spoke about Modi’s repeated efforts to raise the issue of ending the conflict.

What Putin said about PM Modi

Putin said Modi has continued to raise the question of ending the conflict despite the close and friendly relationship between India and Russia.

According to Putin, the Prime Minister has shown a strong interest in finding a solution and has ideas that could help identify mutually acceptable ways to resolve the conflict.

Putin also described India’s position as neutral while highlighting Modi’s interest in bringing the conflict to an end through peaceful means.

The Russian president expressed gratitude to Modi for his ideas and his desire to see the conflict end as soon as possible.

Modi’s position on the Ukraine war

PM Modi has repeatedly called for dialogue and diplomacy to resolve conflicts, including during his meetings with Putin.

During their September 11 meeting in New Delhi, Modi reiterated that dialogue and diplomacy are the way forward for resolving conflicts.

Modi had also told Putin during their meeting on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek that the situation needed to move from “endless war” towards an end to the war.

India has consistently maintained that conflicts should be addressed through dialogue and peaceful means, with Modi previously describing the present period as not being an era of war.

The Russia-Ukraine conflict began in February 2022 and has continued despite repeated diplomatic efforts to seek a resolution.

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S Jaishankar calls Pakistan a “serial practitioner of terrorism” at UN

S Jaishankar criticised Pakistan at the UN General Assembly, referring to a “serial practitioner of terrorism” and warning against attempts to normalise terrorism.

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S Jayshankar

External Affairs Minister S Jaishankar criticised Pakistan during his address to the 81st session of the United Nations General Assembly in New York, saying that a “serial practitioner of terrorism” had misrepresented facts and that arguments were being made to normalise terrorism. 

Jaishankar’s remarks came a day after Pakistan Prime Minister Shehbaz Sharif addressed the UN General Assembly and spoke about the 2025 military confrontation between India and Pakistan.

Jaishankar’s message to Pakistan

Referring to Pakistan without naming it directly in that remark, Jaishankar said a “serial practitioner of terrorism” had misrepresented facts before the UN General Assembly.

He said arguments were being made to normalise terrorism and claim immunity from its consequences, adding that such an approach would not stand. 

Jaishankar reiterated India’s position that the country would exercise its right to defend itself against terrorism.

He also said that friendship and goodwill could not coexist with terrorism and that understandings based on such circumstances would naturally be called into question. 

“It is for the perpetrator of terrorism to mend its ways,” Jaishankar said.

India stresses zero tolerance on terrorism

Jaishankar described terrorism as a persistent threat to peace and called for governments involved in cross-border terrorism to be held accountable.

He also stressed that there should be no dilution in India’s zero-tolerance approach towards terrorism and particularly called for greater attention to its financial aspects.

His remarks came a day after Pakistan Prime Minister Shehbaz Sharif referred to the 2025 India-Pakistan military confrontation during his UN General Assembly address. 

Jaishankar backs two-state solution for Palestine

During his UN address, Jaishankar also spoke about the situation in West Asia and said India was prepared to contribute to efforts addressing food and energy security amid continuing tensions and violence.

On the Palestine issue, he reiterated India’s longstanding support for a two-state solution.

Jaishankar said India was also contributing humanitarian assistance and relief efforts for the Palestinian people.

He also warned about continuing threats and pressures around the world and stressed the need for greater stability, security and predictability.

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