International News
BRICS vs. Dollar: Trump Issues Trade Threats To Emerging Bloc
President-elect Donald Trump has issued a sharp warning to BRICS nations, threatening to impose a 100% tariff on their exports to the United States if they pursue efforts to reduce reliance on the US dollar in international trade.
In a statement posted on his Truth Social platform, Trump demanded assurances from the BRICS bloc—which includes Brazil, Russia, India, China, and South Africa, along with new members such as Iran, Egypt, and the UAE—that they would abandon any plans to create an alternative global currency.
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“We require a commitment… that they will neither create a new BRICS Currency, nor back any other currency to replace the mighty US Dollar, or they will face 100 percent tariffs,” Trump wrote.
The warning follows the BRICS summit in Kazan, Russia, where member states discussed measures to strengthen local currencies and reduce reliance on the dollar in trade.
A joint declaration issued at the summit endorsed initiatives such as expanding correspondent banking networks and enabling settlements in local currencies under the BRICS Cross-Border Payments Initiative.
Despite these discussions, Russian President Vladimir Putin acknowledged that progress on more ambitious goals—such as a unified BRICS currency or a competitor to the SWIFT financial messaging system—remains limited.
“As for SWIFT and any alternatives, we have not created and are not creating any alternatives,” Putin said at the conclusion of the summit. He added, “As for a unified BRICS currency, we are not considering that question at the moment.”
Trump, however, dismissed such reassurances, signaling his intent to protect the dollar’s dominance in global trade.
“If BRICS countries continue with their plans, they should expect to say goodbye to selling into the wonderful US Economy,” he warned.
“They can go find another ‘sucker!’ There is no chance that the BRICS will replace the US Dollar in international trade, and any country that tries should wave goodbye to America.”
This marks a continuation of Trump’s protectionist trade agenda, which defined much of his first term in office.
His administration imposed steep tariffs on countries such as China and Mexico, citing the need to safeguard American industries.
International News
After Turbulent Elections, Portugal Swears In Seguro as President
Portugal officially inaugurated its new president, Antonio Jose Seguro, on Monday, pledging to bring stability to a nation shaken by political uncertainty and natural disasters.
Seguro, the centre-left candidate, won last month’s presidential run-off against far-right rival Andre Ventura, following weeks of catastrophic storms that killed at least seven people and caused approximately €4 billion ($4.6 billion) in damage.
Speaking at his swearing-in ceremony in Lisbon’s parliament, Seguro emphasized cooperation with the minority right-wing government and vowed to end the country’s “electoral frenzy.”
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“I will do everything I can to put an end to this electoral frenzy,” he said, pointing to the inability of previous governments to complete their terms.
Amid global crises, including conflicts in the Middle East and a more isolationist US approach under President Donald Trump, Seguro stressed the importance of multilateralism.
“The force of law has been replaced by the power of the strongest,” he remarked.
Seguro succeeds Marcelo Rebelo de Sousa, a conservative who leaves office at 77 after serving two five-year terms.
While the Portuguese presidency is largely ceremonial, Seguro’s leadership signals a commitment to political stability and international engagement.
International News
US-Israel-Iran War: Day Four Updates from the Middle East
The war involving the United States, Israel and Iran intensified on its fourth day Tuesday, with fresh explosions reported in Tehran, missile interceptions over Jerusalem, and rising tensions spreading across Lebanon and Gulf states.
AFP journalists in Tehran reported loud blasts across several parts of the Iranian capital, though officials did not immediately confirm the exact targets.
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The conflict began over the weekend after coordinated US and Israeli strikes reportedly killed Iran’s Supreme Leader, triggering retaliatory attacks across the region.
Iran Appeals to UN
Iran called on the United Nations Security Council to intervene and halt the war. Foreign ministry spokesman Esmaeil Baqaei said the council had a responsibility to act, insisting there were no legal obstacles preventing immediate action.
Oil Surges as Hormuz Disrupted
Global oil prices spiked amid fears of supply disruption, particularly as the strategic Strait of Hormuz — a crucial oil shipping route — was effectively closed.
Brent crude rose more than eight percent to $85.12 per barrel, its highest level since mid-2024. Meanwhile, precious metals fell sharply, with gold dropping over four percent and silver plunging more than 12 percent as investors shifted toward energy and the US dollar.
Iran Issues Fresh Threats
Iran’s Revolutionary Guards warned of intensified attacks on US forces and Israeli targets.
A spokesman vowed that “continuous punitive attacks” would follow, declaring that the “gates of hell” would open against both nations.
Israeli Troops Advance in Lebanon
Israeli ground forces reportedly advanced into areas near Kfar Kila and the Khiam plains along the Lebanon border.
Israel said the move was aimed at creating a buffer zone to protect its northern communities.
The escalation has displaced at least 30,000 people in Lebanon, according to the UN refugee agency.
Nuclear Site Damaged
The International Atomic Energy Agency confirmed that Iran’s Natanz Fuel Enrichment Plant sustained recent damage to entrance buildings at its underground facility. However, the agency said no radiological consequences were expected.
Gulf Capitals, US Embassy Hit
Explosions were also reported in Manama and Doha as Iranian strikes continued into a fourth day.
In the UAE, drone debris sparked a fire in an oil zone in Fujairah, though authorities said the blaze was contained.
Two drones reportedly struck the US embassy in Riyadh, causing a fire. Saudi officials condemned the attack as unjustified.
Tech Infrastructure Targeted
US tech giant Amazon confirmed that two of its data centres in the UAE were directly hit by drones, disrupting cloud services in parts of the Middle East. A nearby facility in Bahrain was also damaged.
Global Reactions
US President Donald Trump criticised UK Prime Minister Keir Starmer over disagreements on the use of British military bases, saying relations were “not like they used to be.”
France deployed Rafale fighter jets to protect its bases in the UAE, while China urged all sides to ensure safety in the Strait of Hormuz and called for an immediate ceasefire.
International News
Iran Presses UN Security Council to Intervene in Escalating War with Israel, U.S
Iran has called on the United Nations Security Council to urgently intervene and halt the ongoing war involving the Islamic Republic, Israel and the United States.
Speaking during a weekly foreign ministry briefing on Tuesday, Iranian Foreign Ministry spokesman Esmaeil Baqaei said the global body has both the authority and responsibility to act in order to prevent further escalation of hostilities.
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“The United Nations Security Council has a duty… if it wishes, it can certainly act, because there is no obstacle to its action except its own will,” Baqaei stated.
His remarks come amid rising tensions and continued military exchanges that have heightened fears of a broader regional conflict.
Iran maintains that international institutions must step in decisively to prevent further loss of life and instability across the Middle East.
Tehran’s appeal places renewed pressure on the Security Council’s five permanent members, whose divisions have often stalled unified action in past conflicts involving major global powers.
Analyst say any meaningful intervention would require consensus among key stakeholders, including Washington and its allies.
The war has drawn global concern, with several countries calling for restraint and diplomatic engagement to avoid further deterioration of security in the region.






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