SCO nations condemn US strikes on Iran
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India, China, Russia, Pakistan condemn US strikes on Iran
In a joint declaration issued on September 2, 2026, the Shanghai Cooperation Organisation (SCO) members India, China, Russia, and Pakistan condemned American strikes on Iran. The statement, reported by @MarioNawfal, also affirmed Iran's right to nuclear energy and announced plans to build a system to reduce reliance on the US dollar.
Market reaction
At publication, no live market snapshot was available. The story is categorized as MACRO with an assessed market impact of DUMP, potentially affecting assets including OIL, GOLD, DXY, SPX, and BTC.
The context
The joint declaration marks a rare unified stance among these major powers, which have often divergent interests. The condemnation comes amid heightened tensions in the region following US military actions against Iran. The SCO's defense of Iran's nuclear program aligns with Tehran's position that its nuclear activities are for peaceful purposes. The push to ditch the dollar reflects a broader trend among some nations to diversify away from the US currency in international trade, though concrete steps remain unspecified.
Reported from Swenai's monitored feed with live market data at publication. Not financial advice.
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