Oil prices hit four year high: Latest news on the Middle East conflict on 9 March
Global oil prices reached a four year high on Monday (9 March), surpassing $...
Kyrgyzstan has joined the TRACECA multilateral permit system, a move analysts say will deepen regional integration, cut transport costs and ease cross-border trade, opening new routes to Europe and the Black Sea.
By joining the multilateral permit system of the Transport Corridor Europe–Caucasus–Asia (TRACECA), Kyrgyzstan allows its carriers to operate across several participating countries using a single permit.
Speaking to AnewZ, Nurbolat Nyshanbayev, an academic at Turan University, described the move as a strategic breakthrough for a landlocked country.
“This initiative creates a bridge and removes barriers, reducing both the cost and time of delivering goods,” Nyshanbayev said, adding that the benefits extend beyond Kyrgyzstan.
He said the system would significantly change day-to-day operations for Kyrgyz transport companies, which have long faced delays at border crossings.
“Truck drivers waited for months because of additional checks and paperwork. This permit removes bureaucratic processes and reduces costs,” he added.
Nyshanbayev also pointed to a broader shift in regional trade patterns. Since 2022, Central Asian countries have been reassessing traditional transport routes that largely ran north through Russia.
“We are seeing a transformative period in which countries, including Kyrgyzstan, are diversifying trade routes for the long term,” he said.
According to Nyshanbayev, time-sensitive sectors such as medical and pharmaceutical goods are expected to benefit most from easier access to TRACECA routes. He added that the corridor could also strengthen links between Central Asia, the Black Sea region and the European Union.
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.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
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.
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.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Global oil prices reached a four year high on Monday (9 March), surpassing $119 a barrel, as conflict in the Middle East rumbled on. Meanwhile, the Turkish Military said NATO air defence systems destroyed a missile fired from Iran towards the country.
Kyrgyzstan recorded the largest increase in women’s representation in parliament worldwide in 2025, according to a new report by the Inter-Parliamentary Union.
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.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
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