Iran could lose up to $435 million in oil exports due to a U.S. naval blockade, though a full institutional collapse remains unlikely, according to a geopolitical researcher.
Alihuseyn Gulu-Zada, a geopolitical risk researcher specialising in the South Caucasus and Iran, told AnewZ’s Bakhtiyar Khasanov on Wednesday (29 April) that U.S. President Donald Trump’s social media claims that Tehran was in a “State of Collapse” were exaggerated, though not entirely without basis.
“President Trump’s assessment partly reflects reality but overstates the immediacy and extent of any collapse. Iran is indeed experiencing acute economic stress caused by the naval blockade,” he said.
“Losses from oil exports are estimated at up to $435 million. Storage facilities on Kharg Island are filling rapidly, and supertankers are being reactivated for floating storage, raising the risk of shutdowns,” Gulu-Zada added.
He emphasised that Iran has previously shown significant resilience to sanctions and retains control of internal resources, making collapse improbable in the short to medium term.
On Iranian Foreign Minister Abbas Araghchi’s visit to Vladimir Putin in Moscow on Monday, Gulu-Zada said it was less about advancing mediation efforts, as Oman and Pakistan have attempted, and more about strengthening Russia’s anti-Western bloc.
“In effect, Russia is demonstrating that it has no intention of isolating Iran, aiming to reduce the effectiveness of Western pressure while preserving room for pragmatic contacts with Washington,” he added.
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Armenia's ruling Civil Contract party is leading in a parliamentary election with 54.44% of the vote, according to early voting results from Armenia's electoral commission that were broadcast on public TV.
A powerful earthquake struck off the southern Philippine island of Mindanao on Monday (8 June), killing at least 3 people and triggering tsunami warnings across the region.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 8 June, covering the latest developments you need to know.
The results of Armenia’s parliamentary elections will determine the makeup of the National Assembly and shape the country's political direction for the foreseeable future. But in Armenia, the final result is not decided by vote percentages alone. Here's how it works.
Counting is underway in Armenia's elections. The results of the vote are set to determine the political direction of the country of three million people for the next few years. Prime Minister Nikol Pashinyan is hoping to fend off challenges from several pro-Russia candidates to secure a third term.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
Armenia's ruling Civil Contract party is leading in a parliamentary election with 54.44% of the vote, according to early voting results from Armenia's electoral commission that were broadcast on public TV.
Israel said it struck military targets in western and central Iran on Monday, even after U.S. President Donald Trump reportedly told Israeli Prime Minister Benjamin Netanyahu to refrain from further attacks.
Sirens rang out across multiple areas of Israel on Sunday night after missiles were launched from Iran towards the country, the Israeli military said. Earlier, Tehran's top negotiator in talks with the U.S. threatened to target Israeli and American assets in the region, after Israel struck Beirut.
U.S. President Donald Trump acknowledged calling Israeli Prime Minister Benjamin Netanyahu “crazy” during a phone exchange over fighting in Lebanon. The call came as the U.S. was attempting to broker an end to hostilities involving Iran.
Iran’s Revolutionary Guards (IRGC) said on Monday they targeted the source of an attack on a telecom facility on Sirik Island near the strategic Strait of Hormuz, Tasnim News Agency reported.
Iran really wanted to make a deal with the U.S. and that it would be a good one for Washington and its allies, President Donald Trump said on Monday.
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