live Oil climbs past $119 a barrel as Iran crisis squeezes global supply - Monday 9 March
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli...
Uzbekistan, Kyrgyzstan and Tajikistan have begun upgrading cross-border electricity transmission lines to increase regional power capacity, a move announced after high-level meetings in Tashkent and confirmed by officials in Bishkek.
The project, supported by the World Bank, aims to strengthen energy security ahead of major hydropower developments and rising demand. Kyrgyzstan’s Minister of Energy, Taalaibek Ibraev, said the three states are expanding transmission capacity in border areas with the support of the World Bank’s Regional Electricity Market Integration in Central Asia (REMIT) programme.
Ibraev confirmed the initiative, noting that upgrades are essential to ensure reliable energy exchange between neighbouring countries.
President Shavkat Mirziyoyev met with Minister Ibraev in Tashkent, where both sides reaffirmed their commitment to deeper cooperation in electricity trade, hydropower development and the stability of the regional grid. According to the President’s Office, Uzbekistan prioritises long-term collaboration with Kyrgyzstan and Tajikistan in “green energy and cross-border infrastructure.”
Kambarata HPP-1 Project
A central element of future cooperation is the Kambarata Hydropower Plant-1, one of Central Asia’s largest planned hydropower projects.
According to official information, the plant is expected to have a capacity of 1,860 MW and a reservoir volume of 5.4 billion cubic metres. Officials from all three countries have stated that the project will additionally power industrial clusters and support agricultural production.
Uzbekistan, Kazakhstan and Kyrgyzstan have previously announced plans to attract funding from international financial institutions for Kambarata-1, with discussions ongoing since 2023.
Upgrading existing transmission lines is expected to reduce bottlenecks and improve the stability of electricity flows, particularly during winter shortages. The World Bank’s REMIT programme aims to strengthen regional market integration, reduce technical losses and support the shift towards renewable energy.
Energy experts note that regional grid modernisation is a prerequisite for hydropower expansion and for meeting rising consumption across Central Asia. With cross-border upgrades now under way and Kambarata-1 progressing in the planning stage, governments expect a more resilient, interconnected electricity system in the coming years.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Türkiye’s official anti-disinformation agency has issued a statement refuting what it described as online “disinformation” and reiterating the strength of relations between Türkiye and Azerbaijan.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
Kazakhstan has evacuated more than 7,300 citizens from the Middle East since regional tensions escalated, using both air and land routes to bring nationals home while closely monitoring political developments and potential economic effects linked to rising oil prices.
Istanbul’s mayor, Ekrem İmamoğlu, has appeared in court on Monday alongside 400 co-defendants in a sprawling corruption case that critics say is designed to derail his political ambitions. The charges allege a network of corruption and organised crime linked to the mayor’s office.
Russian grain is once again moving by rail to Armenia along a route that had been closed for decades. The latest freight train departed from Baku on 9 March carrying hundreds of tonnes of grain.
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