Iran’s Foreign Minister Seyed Abbas Araghchi has strongly criticized the double standards being adopted at the international level. Through a post on the social media platform During this, he welcomed the statement by German President Frank-Walter Steinmeier condemning the attacks on Iran and called it a rare step. Amidst this rhetoric, there is a situation of tension in the Middle East which is having a direct impact on global politics.
👉: Big statement by Iran’s Foreign Minister, warning to America and Israel, changed rules regarding the Strait of Hormuz.
What did Germany and Russia say on the current situation?
German President Steinmeier, during a recent event, termed America and Israel’s actions against Iran as a violation of international law. He clarified that the world’s trust in American power is decreasing and a deep gap is visible at this time. On the other hand, Russian Foreign Minister Sergey Lavrov has spoken on phone with the Iranian Foreign Minister. Russia has warned that any attack on Iran’s nuclear sites, especially the Bushehr Nuclear Power Plant, is not acceptable as it could cause huge damage to the environment and threaten the lives of Russian personnel.
What impact will this dispute have on the common man and business?
Due to the increasing tension between Iran and America, there has been increased activity in the Strait of Hormuz, which is the main route for oil supply. If this tension increases, then in the coming time we may see an increase in the prices of petrol and gas, which will affect the pockets of the migrants. US President Donald Trump has claimed that Iran’s military power has been significantly damaged and efforts for negotiations are ongoing. Iranian Foreign Minister Araghchi and its Speaker Qalibaf have been given 5 days to talk so that the matter can be resolved. The ongoing instability in the Middle East is expected to have an impact on the earnings of companies and the stock market as well.
