Latest News
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Russia restricts enriched uranium exports to the United States
Russia has imposed constraints on the export of enriched uranium to the United States, the government stated on Friday, producing supply risks for U.S. nuclear power plants which in 2015 imported a quarter of their enriched uranium from the nation. Russia stated the short-term limitations were a reaction to Washington's ban on imports of Russian uranium, which was signed into law earlier this year, however consisted of waivers enabling deliveries to continue in case of supply concerns through 2027. Russia is the world's sixth largest uranium manufacturer and controls about 44% of global uranium enrichment capacity. In 2023, the U.S. and China topped the list of Russian uranium importers, followed by South Korea and France. President Vladimir Putin told a federal government conference on Sept. 11 that Moscow should consider limiting exports of uranium, titanium and nickel in retaliation for Western sanctions. The government's decree on Friday was the very first follow up action to Putin's statement in September. Russia accounted for 27% of the enriched uranium supplied to U.S. business atomic power plants in 2015. Imports to the U.S. from Russia through July this year stood at 313,050 kilograms ( 690,160 pound), down 30% from last year. It is unclear whether the U.S. has actually imported any uranium from Russia after the U.S. restriction took effect in August. The Russian government's decree says companies authorized by the export control watchdog can still export uranium to the United States. The U.S. is probing a surge in imports of enriched uranium from China considering that late 2023 amidst concerns the deliveries are helping Moscow avoid a U.S. ban on imports of the power plant fuel from Russia.
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Stocks fall as US data, Fed comments signal slower rate cut path
A gauge of international stocks was poised for its greatest weekly drop in two months while U.S. Treasury yields continued their climb as economic information and remarks from Federal Reserve authorities indicated a slower speed of rate cuts ahead. The U.S. Commerce Department said retail sales rose 0.4%. last month after an upwardly modified 0.8% advance in September. That was above the 0.3% increase anticipated by financial experts surveyed by. Reuters, after a formerly reported 0.4% gain in September. In addition, the Labor Department said import prices. unexpectedly increased 0.3% last month after an unrevised 0.4%. decline in September amidst higher costs for fuels and other. items. Analysts had actually anticipated a decline of 0.1%. Fed Chair Jerome Powell said on Thursday the central bank. did not require to hurry to lower interest rates due to continuous. financial growth, a solid task market and inflation that remains. above its 2% target. Equities rallied in the wake of the U.S. presidential. election, as financiers gravitated toward properties expected to. gain from U.S. President-elect Donald Trump's policies in his. second term after he promised to enforce greater tariffs on. imports, lower taxes and loosen federal government policies. What this all comes down to is the reality we've had such an. extraordinary run that individuals are much like, why don't I take some. earnings and sort of see what's next, said JJ Kinahan, CEO of IG. The United States and Canada and president of Tastytrade in Chicago. On Wall Street, the Dow Jones Industrial Average fell. 275.86 points, or 0.63%, to 43,475.00, the S&P 500 fell. 66.25 points, or 1.11%, to 5,882.92 and the Nasdaq Composite. fell 344.45 points, or 1.80%, to 18,763.20. Each of the. three significant indexes had closed at record highs on Monday. Chicago Federal Reserve president Austan Goolsbee followed. up Powell's discuss Friday and stated it would make good sense for. the Federal Reserve to slow the pace of rate of interest cuts if. there were disagreement among policymakers over how far rates. need to be lowered to put monetary policy on a neutral footing. MSCI's gauge of stocks around the world. fell 7.45 points, or 0.88%, to 843.75, on track for its fourth. straight decrease on the heels of 5 straight advances. In Europe, the STOXX 600 index decreased 0.64% as. was set to register its 4th straight weekly drop. Bond yields and the dollar have actually risen not just on growth. prospects but also on concerns that Trump's policies may. revive inflation after a long battle versus rate pressures. following the COVID-19 pandemic. In addition, tariffs might lead. to increased federal government loaning, even more swelling the fiscal. deficit and potentially causing the Fed to modify its course of. monetary policy easing. The dollar index, which tracks the U.S. currency. against peers including the euro and Japan's yen, was 0.3% lower. on the day but headed for a 1.5% weekly increase. The greenback had risen for five straight sessions and was. on speed for its greatest weekly percentage gain considering that early. October. Expectations for a 25 basis point cut at the Fed's December. meeting stood at 55% on Friday, below 72.2% in the prior. session, and 85.5% a month ago according to CME's FedWatch Tool. The yield on benchmark U.S. 10-year notes rose. 4.9 basis points to 4.471% after reaching 4.505%, its greatest. considering that May 31. The yield has actually jumped more than 16 bps this month. and is set for its eighth weekly increase in the past 9. Against the Japanese yen, the dollar weakened 0.77%. to 155.06. Sterling was down 0.31% to $1.2626. U.S. crude fell 1.21% to $67.87 a barrel and Brent. was up to $71.74 per barrel, down 1.13% on the day, on. track for a weekly decrease as investors digested a slower Fed. rate cut path and subsiding Chinese demand.
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Peru's economy grows for sixth straight month in September
Peru's economy expanded on an annual basis for the 6th straight month in September, figures from the national statistics institute revealed on Friday, after almost every sector of the economy logged development. The economy broadened 3.16% year-on-year in the month, slightly above the estimate of 3.10% growth from experts polled . Peru's economy has revealed stable healing from an economic crisis it entered into in 2015. The economy is forecast to grow 3.0% in 2025, according to a study of financial experts by the central bank at the end of October. Economic output in the world's no. 3 copper manufacturer and No. 2 copper exporter was up in nearly every sector, led by transportation, which grew 7.6%. The essential mining and hydrocarbons sector expanded by simply over 1.0%, buoyed by greater output of molybdenum, silver and tin, while copper contracted slightly by 0.4% The one exception to the across-the-board development was the fishing sector, which contracted by 14.6%, the second straight month of negative growth. Peru is a leading manufacturer of fishmeal, a fertilizer used anchovies. Anchovy production was up 47.2%, but the sector was pulled down ultimately by smaller catches of fish for direct usage by individuals.
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Aluminium leaps after China cancels export tax refunds
Aluminium costs surged on Friday after China said it would cancel export tax refunds, fuelling concerns that a heavy circulation of deliveries abroad might be curbed. Three-month aluminium on the London Metal Exchange soared as much as 8.5% to $2,730 a metric heap and was up 6.6% at $ 2,682 by 1540 GMT. At its peak on Friday, the light-weight metal came within spitting range of a five-month high of $2,732 hit last week on supply interruptions of bauxite and alumina, the raw products to make main aluminium. China's finance ministry said on Friday it would cancel export tax refunds for aluminium and copper items, reliable Dec. 1. If you're not granting refunds then more metal stays domestically in China and it could tighten the marketplace in the rest of the world, said Nitesh Shah, product strategist at WisdomTree. China exports 4-6 million loads yearly of semi-fabricated aluminium, amounting to about 7% of worldwide supply, JP Morgan stated in a note. Expert Ross Strachan at consultancy CRU said the longer term effect was less clear cut. It will motivate development in exports, and thus production, of finished products in China and in due course China might need less main (aluminium) imports. Copper gained 0.4% to $9,025 a heap after striking a. three-month low on Thursday. China is not a major exporter of. copper products. Base metals got an increase from a weaker dollar index,. making products priced in the U.S. currency more economical. for purchasers utilizing other currencies. Most of the complex pared gains, however, after the dollar. recovered in the wake of U.S. data showing U.S. retail sales. increased slightly more than expected in October. A host of unpredictabilities could still weigh on metals markets,. Shah stated. China seems to wish to wait for confirmation of numerous things. before they really draw out the stimulus bazooka and the. problem is the market was currently anticipating the bazooka. Information on Friday showed that China's factory output development. slowed in October and it was still too early to call a turn in. the crisis-hit home sector. LME nickel edged up 0.1% to $15,640 a load, zinc. was the same at $2,942.50, lead added 0.6% to. $ 1,971.50 while tin dipped 0.1% to $28,905. For the leading stories in metals, click.
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IAEA primary gos to two nuclear sites throughout Iran trip
The head of the U.N. nuclear watchdog visited two Iranian nuclear sites on Friday as part of a see to Iran, ahead of an anticipated European diplomatic push over Tehran's atomic activities before Donald Trump's go back to the White Home. During the check out, Iran's foreign minister told International Atomic Energy Company chief Rafael Grossi that Tehran wants to solve outstanding disputes over its nuclear program however will not catch pressure. Grossi went to the Natanz nuclear plant and the Fordow enrichment site, which is dug into a mountain around 100 km (60. miles) south of the capital Tehran, state media reported,. without providing details. Relations between Tehran and the IAEA have soured over. several long-standing issues including Iran barring the company's. uranium-enrichment specialists from the nation and its failure to. discuss uranium traces discovered at undeclared sites. The ball remains in the EU/E3 court, Foreign Minister Abbas. Araqchi composed on X following talks in Tehran with Grossi on. Thursday, describing 3 European nations - France,. Britain and Germany - which represent the West together with the. United States at nuclear talks. Going to work out based on our national interest and. inalienable rights, however not prepared to negotiate under pressure. and intimidation, Araqchi stated. France's foreign ministry spokesperson told press reporters the 3. European powers would wait to see the outcomes of Grossi's check out. before deciding how to react. We are fully mobilised with our E3 partners and the. United States to bring Iran to the full application of its. global responsibilities and commitments in addition to cooperation. in great faith with the firm, he stated. That mobilisation is available in various methods, consisting of. through resolutions ... so we expect that these messages are. passed throughout Rafael Grossi's check out and we will adjust our. reaction accordingly. Trump's go back to workplace as U.S. president in January upends. nuclear diplomacy with Iran, which had actually stalled under the. outbound administration of Joe Biden after months of indirect. talks. During Trump's previous tenure, Washington dropped a 2015. nuclear offer between Iran and six world powers that curbed. Tehran's nuclear operate in exchange for remedy for worldwide. sanctions. Trump has actually not fully spelled out whether he will resume his. optimal pressure policy on Iran when he takes office.
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French winter season grain sowings ahead of in 2015 after dry weather condition
French farmers had sown 78% of the anticipated soft wheat location for next year's harvest by last Monday, ahead of the location sown by the very same stage last year, FranceAgriMer stated, in a sign that this month's dry weather enabled field work to accelerate. The soft wheat area sown compared to 62% a week previously and 70% a year earlier however was still behind the five-year average of 83%, the farm workplace stated in a crop report on Friday. French sowings and maize harvesting this year have been obstructed by heavy rainfall during the wettest September in 25 years and in October. The hold-up raised bad memories of last year's harvest when late sowing due to damp weather condition was one of the issues that led to among the worst soft wheat harvests in 40 years. In winter season barley, 89% of the anticipated area for next year's. harvest had actually been planted by Monday, versus 78% a week earlier and. 83% by the exact same stage in 2023. That compared to a 2019-2023. average of 91%. The maize harvest was 71% complete by Nov. 11, up from 58% a. week earlier however below 96% a year back and a five-year. average of 93%, FranceAgriMer said. Growers were speeding up field work before rains begin again. next week, Franck Laborde, the head of French maize growers. group AGPM, said. The regions lagging furthest behind are the west and the. south-west. Climate condition there ought to enable collecting to. continue until mid-week, so we certainly have a window of. opportunity to get closer to normal harvest development, Laborde. informed Reuters. Farmers are mobilised to generate the harvest so as to. maintain quality, because from now on, and even since a couple of days. ago, there is a risk of quality deterioration if the harvest. does not happen really quickly, he included.
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FuelCell Energy to lay off 13% of labor force to lower operating expense
Renewable power company FuelCell Energy said on Friday it will lower 13% of its labor force as part of an international restructuring of its operations in the U.S., Canada and Germany. Shares of the company increased 14.1% in premarket trading. The business stated it aims to decrease operating expense by almost 15% in 2025 and protect its competitive position amid slower-than-expected financial investments in clean energy. High rates of interest and policy unpredictabilities around capital-intensive tidy energy tasks have required numerous renewable resource firms to review their growth plans. FuelCell said it had already made reductions to its workforce in September, with the most recent layoffs bringing the total cuts to 17% of its workers. It anticipates the restructuring plan to be considerably finished by the end of the first quarter (Nov-Jan) of financial year 2025, and to record charges of about $1.7 million to $2. million in expenses associated with severance. The company stated the strategy will not impact its carbonate. making capabilities at its Torrington, Connecticut. center. The Danbury, Connecticut-based company stated it would offer. extra details regarding the restructuring plan throughout its. fourth-quarter earnings get in touch with Dec. 19.
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Romania signs main engineering agreement for two atomic power plants
Romanian stateowned nuclear power producer Nuclearelectrica signed the main engineering contract to include two more reactors at its plant in Cernavoda on the Danube river with a consortium of four firms, it stated on Friday. The European Union state presently has 2 706-megawatt (MW). reactors which utilize Canadian CANDU innovation, owned by. AtkinsRealis, formerly referred to as SNC-Lavalin group, accounting. for a fifth of Romania's power production. It prepares to include 2 more 700 MW reactors using the same. innovation by 2031 and 2032, respectively. Energy Minister Sebastian Burduja has said the contract,. which was signed on Friday at COP29 in Baku, will set the brand-new. systems on a course of no return. The consortium makes up Canada's AtkinsRealis, U.S. Fluor. Corporation, Sargent & & Lundy and Italy's Ansaldo Nucleare. The. contract is estimated to cost 3.2 billion euros ($ 3.38 billion). and take 9 years to complete pending a final financial investment. decision. Today marks a significant turning point in the improvement and. ultimately the completion of Romania's tactical Cernavoda Systems. 3 and 4 task, the business's president Cosmin Ghita. said. Once Units 3 and 4 are connected to the grid, 66% of. Romania's clean energy will be supplied by nuclear energy. The business did not expose the upgraded expense quote for the. units. Prior estimates varied from 6.5 billion to 7 billion. euros in overall. U.S. Exim Bank has actually committed financing for the. job.
QUOTES-Reactions to the death of Iran's president in a helicopter crash
Iranian President Ebrahim Raisi, a. hardliner long viewed as a possible follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, authorities and. state media said on Monday.
The helicopter was likewise bring Foreign Minister Hossein. Amirabdollahian and 6 other guests and team, all of whom. died.
Here are reactions to the news:
SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN:
They used acknowledgements to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of Iran, and his companions.
MARYAM RAJAVI, PRESIDENT-ELECT OF PARIS-BASED NATIONAL. COUNCIL OF RESISTANCE OF IRAN OPPOSITION GROUP:
This represents a huge and irreparable strategic blow. to the mullahs' Supreme Leader Ali Khamenei and the entire. routine, infamous for its executions and massacres.
It will set off a series of consequences and crises within. theocratic tyranny, which will spur rebellious youths into. action.
Menstruation of moms and those looking for justice for the. executed, together with the damnation of the Iranian individuals and. history, mark the tradition of Ebrahim Raisi, the well-known. wrongdoer of the 1988 massacre of political prisoners.
UNITED STATES SPECIFY DEPARTMENT:
The United States expressed its main condolences for. the death of Raisi and other authorities in a helicopter crash,. the State Department said.
As Iran picks a new president, we declare our assistance. for the Iranian people and their struggle for human rights and. fundamental freedoms, department representative Matthew Miller said. in a declaration.
US DEFENSE SECRETARY LLOYD AUSTIN:
Austin said he had no insight into the cause of the. helicopter crash.
I can't hypothesize on what might have been the cause, he informed. press reporters.
AFGHANISTAN'S ACTING PRIME MINISTER MULLAH MOHAMMAD. HASSAN AKHUND:
We share in the grief of the Islamic Republic of Iran and. its individuals and extend our acknowledgements to all the households of the. victims, the country, and the federal government of Iran.
In these hard times, we stand together with the people of. Iran and wish forgiveness for all the victims of this. incident and for perseverance for their families.
CHINA'S FOREIGN MINISTRY REPRESENTATIVE:
President Xi Jinping has actually already sent out a direct message to. Iran's very first vice president, Mohammad Mokhber.
Xi stated President Raisi made crucial contributions towards. Iran's security and stability, and towards establishing the. thorough strategic partnership between China and Iran.
PALESTINIAN PRESIDENT MAHMOUD ABBAS, IN A STATEMENT:
We extend our genuine acknowledgements and compassion to the. brotherly Iranian people for the passing of the late President. Ibrahim Raisi and the Foreign Minister, hoping to Almighty God. to bestow His huge mercy upon the departed Iranian President and. the others, and to give patience and solace to their families,. affirming the uniformity of the State of Palestine and its. people with the Iranian leadership and people in this great. condition.
PAKISTAN PRIME MINISTER SHEHBAZ SHARIF, ON X:
The great Iranian country will overcome this catastrophe with. customary nerve.
Pakistan will observe a day of grieving and the flag will. fly at half mast as a mark of respect for President Raisi and. his companions and in uniformity with brotherly Iran.
INDIAN PRIME MINISTER NARENDRA MODI ON X:
Deeply saddened and stunned by the awful death of Dr. Seyed Ebrahim Raisi, president of the Islamic Republic of Iran. His contribution to strengthening India-Iran bilateral. relationship will always be remembered.
My wholehearted condolences to his family and the people of. Iran. India stands with Iran in this time of sorrow.
RUSSIAN PRESIDENT VLADIMIR PUTIN:
Seyed Ebrahim Raisi was an impressive politician whose. entire life was dedicated to serving the Motherland.
As a real pal of Russia, he made an important personal. contribution to the development of good neighbourly relations. in between our countries and made fantastic efforts to bring them to. the level of strategic collaboration.
OPEC SECRETARY GENERAL HAITHAM AL GHAIS:
In these difficult times, on behalf of myself and all the. personnel at the OPEC Secretariat, I extend my acknowledgements and. sympathy to the esteemed management and individuals of the Islamic. Republic of Iran and the families of HE President Raisi and. other officials.
IRAQ PRIME MINISTER MOHAMMED SHIA AL-SUDANI:
We extend our wholehearted acknowledgements and compassions to the. Supreme Leader of the Islamic Republic, Ali Khamenei, and to. the nation of Iran, its government and individuals.
We reveal our uniformity with the brotherly Iranian individuals. and the authorities of the Islamic Republic throughout this painful. disaster.
TURKISH PRESIDENT TAYYIP ERDOGAN:
As a coworker who personally saw his efforts for the. peace of the Iranian people and our area throughout his time in. power, I remember Mr. Raisi with regard and gratitude, Erdogan. composed on X.
In a phone call with acting Iranian President Mohammad. Mokhber, Erdogan said Raisi and Foreign Minister Hossein. Amirabdollahian's contributions to Turkey-Iran ties will always. be remembered, according to Erdogan's workplace.
LEADER OF YEMEN'S HOUTHIS ABDUL MALIK AL-HOUTHI:
It is with fantastic remorse and sorrow that we received the. news of the unfortunate incident of the President of the Islamic. Republic, Mr. Ibrahim Raisi, the Minister of Foreign Affairs,. Dr. Hussein Amir Abdullahian, and their companions.
HAMAS DECLARATION:
The statement communicated Hamas' deepest condolences ... for. this immense loss.
It applauded the deceased Iranian leaders for supporting the. Palestinian cause and resistance versus Israel and expressed. confidence that Iran's deep-rooted institutions will enable it. to overcome the repercussions of this fantastic loss.
THE PALESTINIAN IRANIAN-BACKED ISLAMIC JIHAD GROUP:
The martyrdom of the President and his Foreign Minister is. a fantastic loss for the Islamic Republic.
It stated his loss was an excellent one for the Palestinian individuals. in these tough circumstances, as they played a prominent and. clear function in supporting and assisting the struggle of the. Palestinian individuals.
NECHIRVAN BARZANI, PRESIDENT OF THE IRAQI KURDISTAN AREA:
The passing of President Raisi is a tremendous disaster and a. extensive loss for the Islamic Republic of Iran, its people, and. its buddies.
Nonetheless, we have faith that the noble individuals of Iran. and the Islamic Republic will conquer this enormous loss. May. God Almighty offer assistance and protection to all, and may. the memory of the departed be blessed.
ARAB LEAGUE PRIMARY AHMED ABOUL GHEIT, IN A DECLARATION:
We hope to God to shower them with mercy and forgiveness. and to motivate their families with perseverance and solace.
SUDAN'S SOVEREIGN COUNCIL HEAD ABDEL FATTAH AL-BURHAN, IN A. STATEMENT:
While the President of the Sovereign Council extends his. genuine condolences and compassion to the friendly Iranian people,. he prays to God Almighty that he may have mercy on the President. and his buddies, and give their families patience and. solace, revealing the solidarity of the Government of Sudan and. its individuals with the leadership and the Iranian individuals in this. excellent loss.
MALAYSIAN PRIME MINISTER ANWAR IBRAHIM, ON FACEBOOK:
President Raisi exhibited a deep commitment to the. welfare of his people and the self-respect of his nation, which. represents a proud and rich civilisation rooted in the. concepts of Islam.
His commitment to justice, peace, and the uplift of the. ummah was really inspiring.
ITALIAN PRIME MINISTER GEORGIA MELONI ON BROADCASTER CHANNEL. 5 TELEVISION:
I see in these hours that the Iranian authorities are. crediting the thesis of the mishap and not conspiracy. theories.
I do not see any modifications in the internal order in Iran, we. remain in consistent contact with our European and G7 allies since. we are speaking about an occurrence that is part of an especially. intricate local structure.
I hope that the future Iranian leadership wants to devote. itself to the stabilisation and pacification of the region.
CHARLES MICHEL, PRESIDENT OF THE EUROPEAN COUNCIL, ON X:
The European Union expresses its genuine acknowledgements for. the death of President Raisi and Foreign Minister Abdollahian,. in addition to other members of their delegation and team in a. helicopter mishap. Our ideas go to the households.
EGYPTIAN PRESIDENT ABDEL FATTAH EL-SISI:
The president of the Arab Republic of Egypt ... prays that. the deceased Iranian President and the departed might rest in God. Almighty's mercy, and give their families persistence and solace,. expressing the uniformity of the Arab Republic of Egypt with the. Iranian management and individuals in this awful incident.
LEBANON'S IRAN-BACKED HEZBOLLAH GROUP, IN A STATEMENT:
It applauded the battle of the martyrs in defending the. causes of the nation and their service to Iran, getting in touch with God. to bless them with his mercy, to protect Khamenei, and to approve. Iran the capability to conquer the ordeal with patience and. determination.
JORDAN'S KING ABDULLAH, ON X:
My inmost acknowledgements to the bros, leadership,. federal government and people of the Islamic Republic of Iran on the. death of Sibling President Ebrahim Raisi, Foreign Minister. Bro Hossein Amir Abdullahian and those accompanying them,. might God have grace on them all.
We stand in uniformity with our siblings in Iran in this. tough circumstance
UAE PRIME MINISTER SHEIKH MOHAMMED BIN RASHID AL-MAKTOUM:
Our hearts are with you in this challenging time. Our prayers. are that God will cover them with His large grace and stay them. in His roomy Paradise.
SYRIAN PRESIDENT BASHAR AL-ASSAD, IN A DECLARATION:
Assad affirmed Syria's uniformity with the Islamic Republic. of Iran and the families of the dead.
Assad added that Syria had worked with the late president to. ensure strategic ties in between Syria and Iran remained. flourishing, recalling Raisi's important see to Syria as part. of enhancing ties for the benefit of both countries.
QATAR'S EMIR SHEIKH TAMIN BIN HAMAD AL-THANI, ON X:
Sincere acknowledgements to the government and individuals of the. Islamic Republic of Iran ... asking God Almighty for grace and. forgiveness for them and for their households with perseverance and. solace.
JAPAN'S FEDERAL GOVERNMENT REPRESENTATIVE YOSHIMASA HAYASHI:
Japan expresses its deepest condolences to the government. and individuals of Iran over the death of President Raisi and the. foreign minister.
VENEZUELAN PRESIDENT NICOLAS MADURO, ON X:
Deeply saddened to have to bid farewell to an excellent. person, an amazing leader of the world as our sibling. Ebrahim is, and will constantly be, an exceptional human being,. protector of the sovereignty of his people and genuine. friend of our country..
(source: Reuters)