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Tehran and Washington could be involved in another round of diplomatic tussle after a U.S Coast Guard vessel fired at a dhow. The U.S is claiming that the action was in self-defense while Iran has not commented on the matter. Read more
US economic sanctions and that of the European Union’s on Iran, due to its controversial nuclear program, had successfully gotten rid of Iran from the international banking system making it difficult for the country to carry out foreign trade. The Read more