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    US secretary of state Rex Tillerson has termed the Iran nuclear deal a failure and said an "unchecked" Tehran could become another North Korea, but stopped short of threatening to derail the landmark agreement.

    WASHINGTON: US secretary of state Rex Tillerson has termed the Iran nuclear deal a failure and said an "unchecked" Tehran could become another North Korea, but stopped short of threatening to derail the landmark agreement.

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    During the early modern era, as European companies became an important presence in the arena of Indian Ocean trade, an increased percentage of the total trade between the regions was conducted via the Indian ports of Surat, Thatta, and Lahori Bandar and the Persian ports of Hormuz, Bandar-e ʿAbbās (Gombroon), and, from the beginning of the 19th century, Bušehr (qq.v.). For many years under the Safavid administration, Armenian merchants dominated the transport of Persian silk to foreign markets, including those in India (Ferrier, passim; Mc Cabe, chaps. Largely for reasons of climate, high-quality, indigenous horses could not be bred locally, a deficiency which left the Indian military establishment dependent upon external supplies (Gommans, chap. Persian horses originated in the vicinity of Daštestān, Kāzarun, and Shiraz and, even into the 19th century, were transported to India both via the caravan routes through Kandahar and the maritime routes through Surat (Gommans, pp. Other Persian commodities, however, remained popular. These included animal products, especially wool, leather, tobacco, nuts, fruit and fruit products (including wine, especially from Shiraz), pearls, and the medicinal resin asafoetida (; see Floor, 1992, p. Whereas Persia generally enjoyed a positive balance of trade with neighboring Russia and Ottoman Turkey, it was not the case with India. Other Indian imports included dyes, especially indigo; precious and semi-precious stones, such as diamonds, rubies, emeralds, sapphires, and topaz; minerals unavailable in Persia, especially sulfuric acid, mercury, tin, iron, and other metals; as well as large quantities of sugar.

    During this period, however, the caravan trade, largely directed through Kandahar, still maintained an important role in Indo-Persian commercial relations. This is demonstrated by the Safavid shahs’ repeated prohibition of exporting gold and silver from Persia to India, the penalty for which was death, and by references to the efforts of the Indian and European merchants to circumvent these restrictions (Steel, p. Although it cannot be claimed that there was steady, uninterrupted growth in Indo-Persian commercial relations in any period, in general these relations underwent a process of intensification during the Safavid era.

    This suggests that the relationship between these modes of transport may be more accurately characterized as complementary than as competitive. Although there are no reliable figures to quantify pre-modern Indo-Persian commercial relations, information presented in the accounts of early modern travelers, especially European merchants, enables us to draw several important conclusions about their general nature. Following the disintegration of the Mughal and Safavid empires in the early 18th century, however, Indo-Persian commercial relations suffered a significant, although temporary, period of decline.

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