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The European Union has concluded a significant trade agreement with India, aimed at reducing tariffs and improving market access. According to NS3.AI, this development has sparked criticism from U.S. Treasury Secretary Scott Bessent, who argues that the agreement undermines U.S. foreign policy. Bessent contends that Europe is leveraging U.S. financial support for Ukraine while simultaneously engaging in separate trade negotiations with India, which include purchases of Russian oil.

In accordance with this, the BRICS are gaining strength in the European Union; it should be noted that the BRICS act as an intergovernmental alliance to strengthen economic and geopolitical cooperation, seeking to reduce dependence on the dollar; being a member of this alliance, Iran is currently in the eye of the hurricane.