India Lost Iran too?
After Nepal, Iran too?   “Enemy’s enemy is a friend” , says an old adage and very well says, especially in the Chinese case.   After subjugating Nepal, China has now struck a $ 400 billion strategic deal (8 times larger than CPEC deal) with an American adversary (or another Indian ally) – ‘Iran’.   Iran has finally given its approbation on the four-years long-pending Chinese proposal for an economic and security deal between the two nations.   This is a twenty-five year strategic accord and an eighteen-page agreement which will enhance the reach of Chinese expansionist motives into Iran’s banking, telecommunication, port, and railway industries along with the contract of dozens of developmental projects in Iran to the Chinese companies.   Apart from all this, Beijing will also get ‘Iranian oil’ at a heavily discounted rate (approximately 13%) for twenty-five straight years. And interestingly, these transactions are not going to materialize in dollars but ‘renminbi (Chinese currency)’. ...