Russia and Iran signed an important strategic partnership agreement today. The linked news article goes over some of the details. Here's a brief excerpt of some of the more important points:

Military cooperation

Both countries have committed to expanding collaboration on defense. This includes:

• Joint military exercises.

• Development of military technologies.

Interdependent financial infrastructure

The treaty includes plans to create a payment system that is independent of third-party countries. The initiative aims to:

• Bypass reliance on US-dominated financial networks, such as SWIFT.

• Facilitate smoother trade and investment between Russia and Iran.