India’s Modi government is ready to jump on the new economic and geopolitical opportunities afforded by Iran’s historic nuclear deal.

In a stark example of how drastically a situation can change in just one week, it seems that Pakistan is once again teetering on the brink.

Last week’s BRIC countries summit in Brasilia witnessed the beginning of what will surely become a trend over the next few decades: BRIC coordination against the United States on important issues in international society.

If the Indian government has in fact pulled out of the long-stalled Iran-Pakistan-India (IPI) natural gas pipeline, an energy-hungry China may prove ready and willing to supplant New Delhi’s role in the project.