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Food price inflation may soar now that the Ukrainian grain deal has been terminated, a spokesman says The International Monetary Fund (IMF) on Wednesday warned that the termination of the Black Sea grain deal threatens to exacerbate global food insecurity and cause prices to surge, especially in poorer countries.

The Islamic Republic aims to become a major regional gas trading platform to counter US sanctions Iran is seeking to create a gas hub in cooperation with the country’s Eurasian trade partners, Oil Minister Javad Owji announced on Wednesday. The move is part of Tehran’s efforts to strengthen regional cooperation and enhance its position on…