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

Mint New Delhi

|

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 New Delhi

Mint New Delhi

Mint New Delhi

Sebi now trains sights on commodity derivatives

Following clampdown on equity derivatives after studies revealed steep retail losses, the stock market regulator is turning its attention to the commodity derivatives segment (CDS).

time to read

2 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

Refiners, SCI tap Korean giants for local shipyard

Indian Oil, Bharat Petroleum and Hindustan Petroleum are part of the discussions

time to read

4 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

360 One, Steadview, others to invest in Wakefit ahead of IPO

A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.

time to read

3 mins

November 28, 2025

Mint New Delhi

Would you like to be interviewed by an AI bot instead?

I don't think I want to be interviewed by a human again,\" said a 58-year-old chartered accountant who recently had an interview with a multinational company.

time to read

3 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

India, UAE review trade agreement to ease market access

Officials of India and the United Arab Emirates (UAE) met on Thursday to review how the Comprehensive Economic Partnership Agreement (CEPA) is working, and remove frictions that may be impeding trade between the two nations.

time to read

1 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

It's a multi-horse Street race now as Smids muscle in

For years, India’s stock market ran on the shoulders of a few giants. Not anymore.

time to read

3 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

The curious case of LIC's voting on RIL, Adani resolutions

Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.

time to read

8 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

Investors expect AI use to soar. That's not happening

On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.

time to read

4 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

CANADA'S STARTUP VISA: PUTTING LIVES ON HOLD

Legal uncertainty has left entrepreneurs stuck despite building businesses and putting down roots

time to read

8 mins

November 28, 2025

Mint New Delhi

Gupta pilfered from fraud, Trafigura says

Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business empire.

time to read

1 min

November 28, 2025

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