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American and Western officials are concerned about a potential Chinese takeover of Vietnam's Nui Phao tungsten mine and refinery, a significant source of the critical mineral outside China. This acquisition could disrupt Western access, especially given China's recent export restrictions on tungsten amid trade tensions.
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IAEA inspectors have returned to Iran to restart monitoring activities after a suspension following Israeli and US strikes on Iranian nuclear facilities. Discussions are underway to determine the practical steps for resuming the IAEA's work. This development coincides with Iran's talks with European powers in Geneva, aimed at preventing the reimposition of sanctions under the 2015 nuclear deal.
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Nomura warns that India's economy is at risk due to high US tariffs. Export sectors like textiles and gems may suffer. Around 30-40% of India's exports are exposed to the tariff hike. Aurodeep Nandi forecasts a cut in India's FY26 GDP growth. MSMEs are at greater risk. RBI may cut rates to ease the impact.
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