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Oil Prices Surge as Middle East Tensions Escalate

Global oil prices climbed sharply on Tuesday, with Brent crude rising about 1.8% to approximately $111 a barrel, approaching five-month highs, as growing security threats in the Middle East heightened concerns over disruptions to global energy supplies. US benchmark West Texas Intermediate
October 20, 2026

Pezeshkian Urges BRICS To Reduce Reliance On US Dollar

Iranian President Masoud Pezeshkian has called on BRICS member states to accelerate the use of national currencies in international trade, arguing that greater financial diversification would help protect member economies from sanctions, political pressure and disruptions to global trade. Speaking at the
September 12, 2026

Russia Offers Advanced Engine For India’s Su-30MKI Upgrade

Russia has offered India its latest Izdeliye 177S fighter engine as part of a proposed multibillion-dollar modernization of the Indian Air Force’s Su-30MKI fleet, adding a major propulsion upgrade to a broader package of Russian defence proposals currently under discussion between the
September 12, 2026

Lavrov: 97% Of BRICS Trade Now Settled In National Currencies

Russian Foreign Minister Sergey Lavrov says 97% of Russia’s trade with countries and blocs including BRICS, the Shanghai Cooperation Organisation (SCO) and the Eurasian Economic Union is now conducted using national currencies. Speaking about efforts to reduce dependence on the U.S. dollar,
September 11, 2026

Russia Restructures Trade As Dollar, Euro Use Plunges

Russian Economic Development Minister Maksim Reshetnikov says Russia has fundamentally restructured its international trade, with the U.S. dollar and euro now accounting for only a small share of settlements for the country’s exports. Speaking at the opening session of the BRICS Business
September 11, 2026

Tanzania Seeks Broader Strategic Economic Partnership with Japan

Tanzania has expressed its ambition to elevate its relationship with Japan from traditional development cooperation to a broader strategic economic partnership focused on trade, investment, technology transfer and human capital development. Minister of State in the President’s Office for Planning and Investment,
September 8, 2026

Tanzania Highlights Agricultural Investment Opportunities

Tanzania has highlighted investment and trade opportunities in the agricultural sector during the opening of the Mombasa International Show 2026 in Mombasa, Kenya. Deputy Minister for Agriculture, David Silinde (MP), attended the opening ceremony as a special guest of Kenya’s Ministry of
September 7, 2026