Iran’s First Vice President Mohammad Mokhber on Tuesday urged Belarus to de-dollarize bilateral trade during a meeting with Belarusian Prime Minister Roman Golovchenko in Minsk, Iran’s state-run IRNA news agency reported. Mokhber pointed to the “declining clout of the global hegemonic system, especially the United States,” and the “fundamental changes occurring in the international equations,”

The World Trade Organization has halved its forecast for global trade growth this year in response to rising interest rates that have dented consumer spending power in the US, Europe and Asia. The 164-member trade body slashed its estimate from April that predicted the global trade in goods would grow by 1.7% in 2023, saying