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European, Iranian diplomats to meet as US mulls joining Israel campaign

European, Iranian diplomats to meet as US mulls joining Israel campaign

eNCA8 hours ago

JERUSALEM - European foreign ministers will hold talks on Friday with their Iranian counterpart, hoping to reach a diplomatic solution to the war with Israel as US President Donald Trump mulls the prospect of US involvement.
Israel, claiming Iran was on the verge of developing a nuclear weapon, launched air strikes against its arch-enemy a week ago, triggering deadly exchanges.
Prime Minister Benjamin Netanyahu has sworn Iran will "pay a heavy price" for a strike on an Israeli hospital on Thursday, an attack Tehran said was targeting a military and intelligence base.
European leaders urging de-escalation have scrambled to hold talks with Iran, as Trump said he would decide "within the next two weeks" whether to involve the United States in Israel's bombing campaign.
Iranian Foreign Minister Abbas Araghchi will meet with his French, German, British and EU counterparts in Geneva on Friday to discuss Iran's nuclear programme.
AFP | JACK GUEZ
Britain's Foreign Secretary David Lammy said "a window now exists within the next two weeks to achieve a diplomatic solution", after meeting senior US officials in Washington on Thursday.
Lammy and US Secretary of State Marco Rubio "agreed Iran can never develop or acquire a nuclear weapon", according to the State Department.
Netanyahu welcomed the prospect of US involvement in its campaign, while Russia, an Iranian ally, told the United States that joining the conflict would be an "extremely dangerous step".
The UN Security Council is also due to convene on Friday for a second session on the conflict, which was requested by Iran with support from Russia, China and Pakistan, a diplomat told AFP on Wednesday.
AFP | AHMAD GHARABLI
While Netanyahu has not publicly said that Israel is trying to topple Iran's supreme leader Ayatollah Ali Khamenei, defence minister Israel Katz warned after the strike on Israel's Soroka hospital that Khamenei "can no longer be allowed to exist".
A week of deadly exchanges between the two countries has plunged the Middle East into a new crisis, more than 20 months into the war between Israel and Palestinian militant group Hamas in the Gaza Strip.
- Panic -
Soroka hospital's director Shlomi Codish said 40 people were wounded in Iran's strike.
"Several wards were completely demolished and there is extensive damage across the entire hospital," he said.
AFP | JOHN WESSELS
"It's only medical professionals here, and patients... and look what happened to us," ophthalmologist Wasim Hin told AFP.
World Health Organization director-general Tedros Adhanom Ghebreyesus called attacks on health facilities "appalling", while UN rights chief Volker Turk said civilians were being treated as "collateral damage".
In Iran, people fleeing Israel's attacks described frightening scenes and difficult living conditions, including food shortages and limited internet access.
"Those days and nights were very horrifying... hearing sirens, the wailing, the danger of being hit by missiles," University of Tehran student Mohammad Hassan told AFP, after returning to his native Pakistan.
"People are really panicking," a 50-year-old Iranian pharmacist who did not want to be named told AFP at a crossing on the border with Turkey.
Iran imposed a "nationwide internet shutdown" on Thursday -- the most extensive blackout since widespread anti-government protests in 2019 -- internet watchdog NetBlocks said.
The shutdown "impacts the public's ability to stay connected at a time when communications are vital", NetBlocks wrote on X.
Any US involvement in Israel's campaign against Iran would be expected to involve the bombing of a crucial underground Iranian nuclear facility in Fordo, using specially developed bunker-busting bombs.
The Wall Street Journal reported that Trump told aides he had approved attack plans but was holding off to see if Iran would give up its nuclear programme.
The US president had favoured a diplomatic route to stop Iran from acquiring nuclear weapons -- an ambition Tehran has consistently denied -- seeking a deal to replace the 2015 agreement he tore up in his first term.
Dozens of US military aircraft were no longer visible at a US base in Qatar on Thursday, satellite images showed -- a possible move to shield them from potential Iranian strikes.
- Nuclear sites -
White House Press Secretary Karoline Leavitt claimed Iran was "a couple of weeks" away from producing an atomic bomb.
Iran had been enriching uranium to 60 percent -- far above the 3.67-percent limit set by the 2015 deal, but still short of the 90 percent needed for a nuclear warhead.
Israel has maintained ambiguity on its own arsenal, but the Stockholm International Peace Research Institute says it has 90 nuclear warheads.
A key Iranian government body, the Guardian Council, threatened a "harsh response" if "the criminal American government and its stupid president... take action against Islamic Iran".
On Thursday, Israel said it struck "dozens" of Iranian targets overnight, including the partially built Arak nuclear reactor and a uranium enrichment facility in Natanz.
Iranian atomic energy agency chief Mohammad Eslami confirmed in a letter to the UN nuclear watchdog that the Arak reactor was hit, demanding action to stop Israel's "violation of international regulations".
In the central Israeli city of Bat Yam, the body of a woman was found in a site hit on Sunday, taking the death toll in Israel from Iranian missiles since June 13 to 25 people, according to authorities.
Iran said Sunday that Israeli strikes had killed at least 224 people, including military commanders, nuclear scientists and civilians.

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Beyond Missiles and Sanctions: The Currency War Behind the Iran Assault
Beyond Missiles and Sanctions: The Currency War Behind the Iran Assault

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Beyond Missiles and Sanctions: The Currency War Behind the Iran Assault

As tensions escalate in the Middle East following Israel's recent actions, the underlying struggle for the US dollar's dominance in global trade becomes increasingly apparent. Image: IOL / Ron AI By Masibongwe Sihlahla As the world grapples with renewed conflict in the Middle East after Israel's cowardly and unprovoked attack on Friday 13 June last week, the framing of recent escalations with Iran as a nuclear non-proliferation issue is be missing the big picture. Beneath the diplomatic soundbites and military maneuvers lies a quieter but more existential struggle: the fight to preserve the US dollar's supremacy in global trade and contain China. For decades, the dollar has enjoyed near-monopoly status as the global reserve currency, granting the United States what French President Valéry Giscard d'Estaing once called an "exorbitant privilege". This privilege enables the US to borrow at lower interest rates, print money to finance deficits, and weaponise the global financial system through sanctions and trade controls. This economic order faces its greatest threat yet and that is the rise of BRICS and the mounting wave of dedollarisation. Iran and the Strategic Pivot Iran, a long-standing critic of US foreign policy, has deepened trade relations with BRICS members, particularly China and Russia. By pricing its oil in yuan and diversifying its currency reserves, Tehran is actively undercutting the petrodollar framework that has undergirded American economic influence since the 1970s. Iran has also a few weeks back received the first direct train from China which can deliver goods from Iran especially oil in 18 days instead of 36 days via ship going through the heavily patrolled (by America's Seventh Fleet) Strait of Malacca. It goes without saying that saving 50%-60% transport time also translates into huge cost savings. It facilitates faster delivery of Chinese goods to Iran and onward to Europe, boosting trade efficiency and regional connectivity — this is where the rub lies as it bypasses any attempt by the USA Seventh or Fifth fleet for that matter to intimidate China and thus BRICS. So an attack on Iran by Israel must not be seen in isolation but with a geopolitical eye on the attempt to contain China. The potential consequences are monumental. If oil can be bought and sold in non-dollar denominations, a cornerstone of global dollar demand weakens. With less demand for U.S. Treasury securities, Washington could face higher borrowing costs and diminished leverage in international institutions like the World Trade Organization and the International Monetary Fund. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ The Realignment Accelerates The war in Ukraine backfired on America and entrenched Russia further into the BRICS orbit, bolstered by China's growing clout and Brazil's pragmatic economic diplomacy. Western sanctions may have isolated Russia from some markets, but they also catalysed alternative systems—cross-border payment platforms, bilateral trade in national currencies, and talk of a BRICS common settlement unit. Iran's alignment with this axis isn't just a matter of political solidarity; it represents a pivot away from dollar-dependence. From India's use of rupees in oil trades to South Africa's backing of a multipolar financial system, the shift is gaining traction across the Global South. The last thing Biden did before exiting in December 2024 was to launch the Lobido Corridor as a countermeasure to the Chinese Belt and Road Initiative. The Lobito Corridor is part of a broader Western-backed counter-BRICS initiative, including a $1.3 billion US-Angola infrastructure deal, to strengthen infrastructure and private investment in Africa, supported through programs like the Partnership for Global Infrastructure and Investment (PGII). The aim was to undermine Chinese dominance of the critical metals supply chain such as Copper, Cobalt, Lithium, Tantalum(Coltan) especially as the highest priority. With the increased use of eDrones Americas military need a secure source of these minerals. Some of these minerals reach China via the railway corridor from Iran and thus it is essential that those those infrastructure benefitting China be destroyed, hence it is in this light that the devious attack on Iran by American proxy Israel can be explained. This infrastructure push by America aims to provide alternatives to China-led projects and the Belt and Road Initiative (BRI), countering China's growing influence through BRICS and related economic corridors. South Africa, as a founding BRICS member and a key regional power, is a crucial leverage point for expanding BRICS influence into Africa. The Lobito Corridor and related infrastructure projects signal efforts by the US and allies to offer competing development models and maintain influence in the region and it is clear the current Angola government has been bought lock, stock and barrel by the Americans and its allies. The recent diplomatic tensions and perceived 'insult' to South African President Cyril Ramaphosa in the White House can be seen as part of this broader geopolitical contest, reflecting friction over South Africa's leading role in BRICS and its strategic positioning between Western and Chinese spheres of influence. America's Geoeconomic Dilemma The US faces a dilemma: preserve dollar dominance through diplomatic engagement, or use hard power—military or financial—to deter alternatives. History suggests Washington is willing to project power to defend its economic architecture. But as dedollarisation efforts become decentralized and digitally nimble, the old levers lose some of their Iran, whether militarily or economically, may not just be about regime machinations but is intended to be a strategic strike on a key pillar of the dedollarisation front. A Global Rebalance in MotionWe are living through the slow dismantling of a unipolar order and as Prof Richard Wolff describes the decline of American Empire. The question is not whether dedollarisation will happen, but how—and at what cost to the current architects of global trade. For BRICS and its partners, this is a path toward sovereignty and away from American hegemony For Washington, it's the potential unraveling of its financial superpower status. 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Crude sinks as Trump delays decision on Iran strike
Crude sinks as Trump delays decision on Iran strike

IOL News

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Crude sinks as Trump delays decision on Iran strike

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Bold and decisive steps must be taken to reverse the legacy of the Native Land Act of 1913
Bold and decisive steps must be taken to reverse the legacy of the Native Land Act of 1913

IOL News

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Bold and decisive steps must be taken to reverse the legacy of the Native Land Act of 1913

Land reform successes have produced jobs and generated income, but more needs to be done. Image: AFP Bold and decisive steps must be taken to reverse the legacy of the Native Land Act of 1913, says Mzwanele Nyhontso, the Minister of Land Reform and Rural Development. He said the Native Land Act of 1913 which became law in South Africa on June 19, (Act No. 27 of 1913), left an indelible mark on the history of South Africa. 'This legislation had a profound and devastating impact on the lives of black people. It was a calculated, cruel instrument and strategy of mass dispossession, that successfully entrenched racial segregation and economic inequality,' Nyhontso said. Land dispossession The Native Land Act, restricted black South Africans to only 7% of the land, forcing them into so called 'native reserves' while reserving the rest of land for white minority ownership. The minister added that through the prohibition of black South Africans from owning land outside the designated so called native reserves, the act stripped millions of their ability to sustain themselves, their families and communities through farming which was the main economic activity. 'The immediate aftermath of the passing of the Native Land Act was the violent and merciless eviction of people from their land, their cattle and crops were confiscated and their homes were destroyed. Up until that point in history, the African had led a lifestyle of self-sufficiency. Black people were stripped of their dignity, effectively forcing them into exploitative farm labour contracts. The act laid the foundation for the migrant system that provided a constant supply of cheap labour for the mines and industries,' the minister added. Undoing the damage The Department said it is committed to reversing this legacy, by ensuring appropriate legislation, policies and programmes are implemented. It added it will intensify its efforts to restore land rights to the historically dispossessed and the equitable redistribution of land. In South Africa, where youth unemployment remains stubbornly high, reaching over 45% of people between the ages of 15 and 34 years, the land reform programme is quietly emerging as a source of employment opportunities and playing an important role in economic development, says the Vumelana Advisory Fund. The organisation said the story of land reform is taking a turn, with some pockets of successes unfolding where young people are leveraging restituted land as a strategy for employment creation and economic transformation. Success stories Peter Setou, Chief Executive of Vumelana said: 'Over time, we've seen the CPP model consistently deliver tangible results and meaningful impact for beneficiaries of the land reform programme. These pockets of success highlight the model's potential. The challenge now is to scale these successes to unlock similar outcomes with other beneficiaries of the land reform programme across the country.' Since its inception, Vumelana said it has supported 26 land reform projects leveraging its transaction advisory support programme and capacity building and institutional support programme. The programme provides the beneficiary communities with access to required resources while negating the need to give up ownership of the land or wait for government grants. The transaction advisory support programme facilitates commercially viable, mutually beneficial partnerships between land reform beneficiary communities and private investors that create jobs, generate income and transfer skills. These successful land reform programmes such as the 151 hectare Moletele-Matuma farm in Limpopo, the Barokologadi-ERP Melorane Game Reserve partnership in North West and the Mkambati Nature Reserve Tourism partnership were said to be examples of success stories resulting from their interventions, where they have collectively managed to create over 2,500 jobs that benefitted over 16,000 households, mobilised over R1 billion in investments and developed approximately 76,000 hectares of land.

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