Saudi shuts down oil pipeline as Houthis tighten grip on Red Sea shipping
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
The framework was approved on Saturday by Iran’s National Transit Council during a meeting chaired by First Vice President Mohammad Reza Aref, according to the Iranian government's official information website.
The government said the plan aims to increase Iran’s share of the international transit market, strengthen its geo-economic position, and expand regional economic cooperation and investment.
It also seeks to deepen economic ties with Afghanistan and establish new financing mechanisms for strategic infrastructure projects.
Aref said developing transport corridors remains a government priority.
“The government has taken effective measures in this field during the past two years and considers the development of transit corridors one of its main priorities,” he said.
He said expanding transport infrastructure could strengthen Iran’s position in regional trade.
“Increasing the capacity of corridors and developing dry and northern ports alongside the Persian Gulf ports is a fundamental strategy for improving Iran’s position in regional transport,” Aref said.
The Islamic Republic News Agency (IRNA) and other Iranian media outlets reported the approval.
Afghan authorities had not publicly responded to the latest Iranian decision at the time of publication.
However, Afghanistan has previously expressed support for the project. Deputy Prime Minister for Economic Affairs Abdul Ghani Baradar invited Uzbekistan to invest in the railway, saying it would facilitate trade with Iran and China while contributing to regional stability and development.
Afghan government documents describe the proposed Herat–Mazar-e-Sharif section as a 657-kilometre railway designed to support trade and improve connections between different parts of the country and regional markets.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Uzbekistan plans to introduce a new Heritage Impact Assessment system to shield historic cities and cultural heritage sites from the potential impact of construction and infrastructure development. Digital tools will also be used to manage tourist numbers and limit visitors where necessary.
Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to deepening its partnership with the Gates Foundation, with talks spanning polio eradication, health, financial inclusion and digital development.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Georgia’s top security official has held face-to-face talks with his Azerbaijani counterpart in China, with both sides pledging to deepen intelligence cooperation amid growing global security challenges.
More than 46,000 people have been displaced in Yemen since fighting escalated last week, the International Organization for Migration (IOM) said on Friday, warning that the number is rising “by the hour”.
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