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Trump’s announcement is awaited Tuesday on Iran n-deal

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Trump’s announcement is awaited Tuesday on Iran n-deal

vc_row][vc_column][vc_column_text]Iranian President says his country will overcome any problems

Major capitals around the world remained engaged in formulating their response to US President Donald Trump’s announcement regarding multilateral Iran nuclear deal on Tuesday. US President is poised to announce his decision whether to withdraw or stay in the Iran nuclear deal at 2 pm Washington time. By that time night will fall in most of the Asian countries.

However, the Iranian President Hassan Rouhani has, while speaking at Petroleum Conference in Tehran, said that his country “will overcome” any “problems” it could face in the coming months. This was the first official Iranian reaction to US President Donald Trump’s overnight tweet that he would make an announcement on the deal Tuesday.

Read More: Russia, China to Continue Support Iran Nuclear Deal

In a social media post late on Monday, Trump said he will make an announcement on Tuesday afternoon on the future of the 2015 agreement.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Rouhani told that “it is possible that we could face some problems in the coming two to three months, but we will overcome this”.

He also stressed that Iran wants to keep “working with the world and constructive engagement with the world.” That appeared to be positive sign for European signatories of the JCPOA, which have struck a series of business deals with Iran since its implementation began in January 2016.

Read More: If US pull out of nuclear deal, Iran would also go back

Meanwhile, Iran’s Parliament Speaker Ali Larijani also said on Tuesday that Trump’s decision will only serve to unite the country to walk “on the path of the Islamic Revolution fully behind the leadership of the Supreme Leader”.

Earlier on Monday, President Hassan Rouhani had said that the nuclear deal would be “even better” without the participation of the US and indicated its willingness to stay in the deal with Europe, Russia and China, if its “expectations” are met.

US’ allies in Europe have also been trying to convince Trump to remain with JCPOA, which has limited Iran’s nuclear capabilities.  On Monday, UK Foreign Secretary Boris Johnson appealed to Trump not to walk away from the deal during his visit to the US capital.

Read More: Iran Receives G-77 Support against US Tirade on Nuclear Deal

During Fox News television interview Johnson urged the US president “not to throw the baby out with the bathwater”.

While in Washington, Johnson also met new US Secretary of State Mike Pompeo and discussed the future of the deal.

Earlier French President Emanuel Macron and German Chancellor Angela Markel have met Trump in White House and held detailed discussion on the subject. A group of US Democrats have also urged Donald Trump to let America remain a part of the deal.

Read More: Rouhani: US to face “historic regret” for pulling out of n-deal

Under the JCPOA signed in Vienna in 2015, Iran scaled back its uranium enrichment programme and promised not to pursue nuclear weapons. In exchange, international sanctions were lifted, allowing it to sell its oil and gas worldwide. However, secondary US sanctions remain.

However, Donald Trump has taken several steps to block the deal. In October, he refused to certify that Iran was implementing the accord. He also targeted several Iranian businesses and individuals with new sanctions.

Read More: Trump’s pull out of Iran N-deal may escalate oil prices

On January 12, Trump announced he was waiving the US sanctions for the “last time” and asked European signatories to “fix the deal” within 120 days otherwise he will withdraw from the multilateral agreement on or before May 12.[/vc_column_text][/vc_column][/vc_row]

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Pakistan hit by 5.5-magnitude earthquake, no casualties or damage reported

A 5.5-magnitude earthquake jolted Pakistan on Friday, with authorities reporting no immediate casualties or significant damage.

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earthquake-tremors

A magnitude 5.5 earthquake struck Pakistan on Friday, sending tremors across several parts of the country. However, authorities said there were no immediate reports of casualties or significant property damage.

According to seismic monitoring agencies, the earthquake was recorded at a considerable depth, which may have reduced the impact on the surface. Residents in several cities reported feeling the tremors, prompting many to move outdoors as a precaution.

Emergency and disaster management authorities began assessing the situation soon after the quake. Initial assessments indicated that no major damage to infrastructure or loss of life had been reported. Officials continue to monitor the situation for possible aftershocks.

Pakistan lies in a seismically active region due to the interaction of the Indian and Eurasian tectonic plates, making earthquakes a frequent occurrence in several parts of the country.

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Twin earthquakes strike Venezuela within 39 seconds, triggering panic in Caracas

Venezuela witnessed two powerful earthquakes within 39 seconds, triggering panic in Caracas, damaging infrastructure and leading authorities to declare a state of emergency.

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Two powerful earthquakes struck Venezuela within just 39 seconds, causing widespread panic, damaging buildings and disrupting key infrastructure in and around the capital, Caracas.

According to the United States Geological Survey (USGS), the first earthquake measured magnitude 7.2 and struck on Wednesday evening near the coastal town of Moron. Just 39 seconds later, a stronger 7.5-magnitude tremor hit roughly 45 kilometres away, creating what seismologists described as a “doublet” earthquake sequence.

The back-to-back quakes sent residents rushing into the streets as buildings shook violently across Caracas. Several structures suffered severe damage, with reports of building collapses in parts of the capital. Rescue workers were deployed to search through rubble while emergency teams assessed the extent of the destruction.

Visuals shared on social media showed scenes of chaos at Simon Bolivar International Airport, where parts of the terminal roof reportedly collapsed, filling sections of the facility with dust and smoke. Passengers were seen evacuating the airport as power flickered during the tremors. Authorities later announced the closure of the airport because of significant damage.

More than 20 aftershocks were recorded following the twin earthquakes, raising concerns about additional structural damage. The USGS warned that the disaster could result in significant casualties and economic losses, while landslides were also reported in affected areas.

Venezuela’s interim president Delcy Rodriguez declared a state of emergency following the earthquakes and urged citizens to remain cautious as emergency response efforts continued. Opposition leader Maria Corina Machado also expressed solidarity with those affected by the disaster.

The earthquakes are being described as among the strongest to strike Venezuela in more than a century. Authorities continue to assess the full scale of the damage and search for possible victims trapped beneath collapsed structures.

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London court orders Nirav Modi to pay Bank of India over $11.5 million in loan guarantee case

A London court has ruled that fugitive businessman Nirav Modi must pay Bank of India more than $11.5 million, including interest, in a loan guarantee dispute.

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Fugitive diamond merchant Nirav Modi has been ordered by a London court to pay Bank of India more than $11.5 million, including accrued interest, in connection with a personal guarantee linked to a loan extended to one of his Dubai-based firms.

In a significant ruling delivered by the London Circuit Commercial Court, Justice Simon Tinkler held that Modi remained liable under the personal guarantee issued for a loan granted to Firestar Diamond FZE, a Dubai-incorporated company associated with him. The court rejected Modi’s challenge to the enforceability of the guarantee.

The court examined whether Modi had been properly served with a demand notice, whether the demand related to a liability owed to the bank, and whether the personal guarantee was legally enforceable. Justice Tinkler ruled in favour of Bank of India on all three issues.

According to the judgment, Modi is liable for the principal outstanding amount of $4.1 million. After adding accumulated interest, the total payable amount has risen to an estimated $11.5 million as of March 2026, with additional interest continuing to accrue.

The public sector lender has been pursuing recovery proceedings against Modi since 2018, following the emergence of allegations involving companies linked to the businessman. Modi, who has largely represented himself in the proceedings, is currently lodged in a UK prison while contesting his extradition to India in a separate Punjab National Bank fraud and money laundering case.

Law firm Fladgate LLP, representing Bank of India, clarified after the verdict that the proceedings were strictly related to a commercial banking recovery claim and did not deal with the wider allegations connected to the Punjab National Bank fraud case.

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