IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.17% USD/MXN18.60▼ 0.05% USD/CLP 975.74 — 0.00% USD/COP3,240▲ 0.03% USD/PEN3.44▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.48% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.56▲ 0.43% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.69% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.72▲ 2.39% EUR/BRL6.13▲ 0.07% BRENT 98.32 ▲ 0.03% WTI 90.83 ▲ 0.34% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.18% GOLD 4,075 ▼ 0.94% SILVER 51.94 ▼ 0.56% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89% IBOV 168,498.45 ▲ 1.39% IPC MEX 71,393.57 ▲ 0.43% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.17% USD/MXN 18.60 ▼ 0.05% USD/CLP 975.74 — 0.00% USD/COP 3,240 ▲ 0.03% USD/PEN 3.44 ▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.48% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.56 ▲ 0.43% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.88 ▲ 3.25% USD/NIO 36.62 ▲ 2.69% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.90% USD/TTD 6.72 ▲ 2.39% EUR/BRL 6.13 ▲ 0.07% BRENT 98.32 ▲ 0.03% WTI 90.83 ▲ 0.34% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.18% GOLD 4,075 ▼ 0.94% SILVER 51.94 ▼ 0.56% SOY 1,194 ▲ 1.08% CORN 441.50 ▲ 0.34% WHEAT 591.25 ▼ 1.34% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 130.55 ▲ 1.63% COTTON 78.54 ▼ 0.22% COCOA 5,119 ▼ 1.20% BEEF 214.05 ▼ 0.16% CATTLE 318.38 ▼ 2.05% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 28.00 ▲ 2.56% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89%
since 2009
Sunday, November 8, 2026

Middle East South Asia & India

Iran just joined the SCO – here is why there will be much more talk about this organization than ever before

By · · 5 min read
Iran just joined the SCO – here is why there will be much more talk about this organization than ever before

Iran will be participating in the 2023 Shanghai Cooperation Organization (SCO) summit in India as a full-time member of the organization, Kremlin aide Yury Ushakov said Tuesday.

The Shanghai Cooperation Organization is an economical, political, and security organization comprising China, India, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Pakistan.

“Memorandums will be signed on the obligations of Iran to obtain membership in the association. This means that, after fulfilling these obligations, Iran will participate as a full member at the next summit,” Ushakov told reporters.

Free daily brief — no card needed
Get every Middle East story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

Read also: Check out our coverage on curated alternative narratives

“There will no longer be a group of eight countries, but nine,” the top official added, announcing Iran’s introduction to the body.

Uzbek Foreign Minister Vladimir Norov said in May that if Iran fulfilled its commitments under the SCO international agreements, it would become a full-fledged member in 2023.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Paraguay's Senate ousts its president after a bank failure”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

TALKS ON JCPOA

Yury Ushakov revealed that President Vladimir Putin and Iranian President Ebrahim Raisi will be discussing the situation around the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), during an upcoming meeting later on in the week.

The two leaders will meet on the sidelines of the SCO summit held in Samarkand, Uzbekistan, on September 15-16, on the event’s sidelines.

“The leaders will discuss [Iran’s SCO membership] and the situation around the Joint Comprehensive Plan of Action for the Iranian nuclear program,” Ushakov told a press briefing.

Iranian Foreign Ministry spokesperson Nasser Kanaani revealed last Monday that Raisi would take part in the SCO summit after the organization’s previous summit in Dushanbe last September began the procedure of Iran’s accession.

RUSSIAN-CHINESE COOPERATION

Likewise, Russian President Vladimir Putin will meet his Chinese counterpart, Xi Jinping, on the sidelines of the SCO summit in Uzbekistan, the Russian official underlined.

The two leaders will discuss the situation surrounding Ukraine in Samarkand, the activities of the SCO, and the means of bolstering its role in the international arena.

“China’s view on the Ukrainian crisis is balanced. They clearly show the understanding of the reasons that forced Russia to launch the special military operation,” Ushakov explained.

Iran is the latest SCO member. More to come.
Iran is the latest SCO member. More to come.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

“This meeting, taking into account the current international situation, is of particular importance,” he added.

The summit is also projected to be highly productive for the involved parties, as the Kremlin aide said its results, which include the adoption of more than 20 documents, would be recorded in a declaration.

“After the discussion, the main outcomes of the summit will be recorded in the Samarkand Declaration of the SCO.”

“This is the main document of the current summit, and it is intended to reflect the consolidated positions of all countries on the further development of the organization and current topics on the global and regional agenda,” he said.

On the other hand, the over 20 documents in question have already been worked out and agreed upon, including a comprehensive plan for the implementation of the treaty’s provisions on “long-term good neighborliness, friendship, and cooperation for 2023-2027.”

RUSSIAN-TURKISH COOPERATION

Moreover, President Putin is set to meet with Turkish President Recep Tayyip Erdogan, whom he “stay[s] in touch [with]”, Ushakov said.

They will discuss the “food deal” and various bilateral economic issues in Samarkand.

“Now, there are many topics for negotiations, including some related to Turkey’s positive role, in particular, in concluding the so-called ‘food deal’ and so on.”

“A large place in the course of these negotiations will be occupied by economic issues in continuation of the agreements reached on July 5 in Sochi,” the top official added.

SCO members and observers.
SCO members and observers.

WHY THE SCO IS INTERESTING FOR MANY

The organization, Ushakov argued, offers a “real alternative” to Western-centric structures and mechanisms, with all organization members committed to forming a more democratic world order that is not concentrated on one pole.

“We believe that the SCO offers a real alternative to Western-centric structures and mechanisms since all members of the SCO are committed to the formation of a more representative, democratic, just, and multipolar world order, which is based on the universally recognized principles of international law,” he told reporters.

He explained how the SCO included countries with different cultural and civilizational traditions, dealt with other countries using different foreign policy guidelines, and followed different national development models.

Ushakov then stressed that work within the SCO “built on the principles of equality, on the principles of mutual benefit, respect for sovereignty, refusal to interfere in internal affairs, which allowed to turn the SCO into an effective and influential mechanism for multilateral cooperation in a small period on a historical scale.”

TEN MORE COUNTRIES

Ten more countries want to join the Shanghai Cooperation Organization (SCO), which promotes, among other things, security and economic cooperation in Central Asia, including the United Arab Emirates, Syria, Qatar, and Saudi Arabia.

This was reported to Izvestia by two highly informed sources close to the organizing committee of the association.

Some experts describe this organization as a bulwark against the U.S. It is the world’s largest regional alliance, covering approximately 60% of the area of Eurasia, 40% of the world population, and more than 30% of the global GDP.

They indicated that the UAE has asked to immediately become a member of the SCO and skip the bureaucratic procedure – the matter will be discussed at the summit in Samarkand on September 15-16.

SCO Observer countries include Afghanistan, Belarus, Iran, and Mongolia, with Azerbaijan, Armenia, Cambodia, Nepal, Turkey, and Sri Lanka holding a dialogue partner status.

Other candidates for SCO membership include Myanmar, Cambodia, and Nepal.

Join us on Telegram: t.me/theriotimes

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.