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Regime change in Tehran could give peace a chance in West Asia

Mint Kolkata

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June 26, 2025

This isn't America's stated aim but a shift in power may leave a volatile part of the world better off

- NOURIEL ROUBINI

Last November, I said that Israel was likely to attack Iran's nuclear and other military facilities, even go so far as to eliminate the "regime's top military and political leaders." I also argued that "any US administration would inevitably continue to support [Israel], directly or indirectly." Regardless of divisions in Tel Aviv about the conduct of war in Gaza, the broad consensus across the Israeli political spectrum—including center-left critics of Prime Minister Benjamin Netanyahu—was that Iran was close to developing a nuclear weapon, seen as an existential threat to Israel. Centrist leaders such as Benny Gantz and Yair Lapid criticized Netanyahu for being soft on Iran.

It was only a matter of time before Israel struck Iran, which, starting on 7 October 2023, had unleashed Hamas, Hezbollah, Houthis and Shia militias in Syria and Iraq against Israel. After Tel Aviv decimated these proxies and Iran lost deterrence, Iran's only option was to gain nukes, an unacceptable outcome for Israel and the West broadly. Thus, Israel's attack against Iran. And since some of Iran's hardened nuclear facilities were robust enough to withstand Israeli weapons, it was clear that the US would intervene to destroy those units, despite the anti-interventionist sentiment of US President Donald Trump's political base. Iran counter-attacked Israel with missile barrages [and later fired at a US base in Qatar, causing no serious damage]. [Trump announced a ceasefire thereafter], but the Iranian regime is so weakened that it can barely defend itself, let alone [hurt the US].

FLERE HISTORIER FRA Mint Kolkata

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time to read

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Mint Kolkata

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time to read

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Ranjan Pai’s firm buys upmarket property

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1 min

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Mint Kolkata

Pine Labs readies early November IPO launch

Fintech received Sebi nod in September; was last valued at $5 bn in 2022

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2 mins

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Gold futures hit record ₹1.23L/10g

Gold prices on Monday surged by ₹2,613 to hit a fresh peak of ₹1,23,977 per 10g in the domestic futures trade, buoyed by renewed US-China trade tensions, a prolonged US government shutdown, and growing global economic uncertainty that spurred safe-haven demand.

time to read

1 min

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Tata AutoComp eyes rly avenues

Auto components maker Tata AutoComp Systems Ltd is seeking to tap opportunities emerging from the modernization of Indian Railways, identifying it as a key focus area beyond its core automotive components business, its vice-chairman Arvind Goel said on Monday.

time to read

1 min

October 14, 2025

Mint Kolkata

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HCLTech has best Q2 growth in 5 yrs, reports AI revenue

Defying market uncertainties, HCL Technologies Ltd recorded its strongest second-quarter performance in July-September 2025 in five years. The Noida-headquartered company also became the first of India's Big Five IT firms to spell out revenue from artificial intelligence (AI).

time to read

1 min

October 14, 2025

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