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What is the Saudi-Iran deal brokered by China?

  In this blog we are going to discuss the deal from the perspective of all three countries: From Iran's Perspective The Iran-Saudi Arabia deal that was announced last Friday was a deal which brokered by China to restore relative between the two countries. this deal on restoring ties was a good news for the Iranian government, which has faced a daunting array of challenges in early 2023 and before as well for its human rights record, controversial nuclear program and support Russia's war in Ukraine. So, it was seen a diplomatic victory for Tehran both the countries has been involved in a proxy war in Yemen and Syria. In Yemen , Iran has armed and  aided the Houthis, while the Saudi military launched an air war in 2015 to prevent a complete rebels. Now Iran has agreed to stop arming the Houthis, although it was not including in the joint statement by Iran, Saudi Arabia and China. President of Iran Ebrahim Raisi visited China in February 2023, during the talks with Chinese lea...

Venezuela's economy explained.

 Why Venezuela has the strangest economy in the world? Venezuela is a country in South America and its capital is Caracas. It is officially known as the Bolivarian Republic of Venezuela. Venezuela is  colonized by Spain in 1522. It was the first Spanish-American to  declare independence from Spain in 1811. It in the modern world it has the world's largest proven oil reserves but regardless of that it has the highest inflation in the world, struggling with shortage of food, electricity, and other essential goods. For this we need to go back on 31 July 1914 when oil was discovered in Venezuela for the first time. At that time it was ruled by Juan Vincente Gomez who ruled over from 1908 to 1935 as a dictator. In the 1920s and 1930s Venezuela begin to industrialize with the development of its oil industry becoming a major contributor in the development. In the early 1900 the economy of Venezuela is mainly a agriculture based. Gomez allowed foreign companies to explore, ...