If you were looking for clues as to how Iran could stand up to global pressure over its nuclear program, perhaps this bit of news serves as an explanation: the semi-official Mehr news agency reports that Tehran and New Delhi have announced that they are planning to hit $25 billion in annual bilateral trade over the next four years. An 80-member Indian trade delegation is visiting Iran.

An Indian official said the current annual trade between the two countries was around $15 billion, the IRNA news agency reported.

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The delegation was in the country to explore commercial opportunities created by the EU and U.S. sanctions against Tehran over its nuclear program.

The two countries, which have long-standing historic ties, hope to settle around 45 percent of their oil trade in rupees by increasing exports.

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