The third Caspian Economic Forum in Teheran has brought together government officials from states of the Caspian region.
The forum brought together leaders from transport and trade organizations, entrepreneurs, and company representatives from Azerbaijan, Iran, Russia, Turkmenistan, and Kazakhstan.
Its primary goal is to foster economic, trade, scientific, and technological cooperation among the Caspian littoral states. Key topics of discussion include energy, finance, tourism, healthcare, investment in free trade zones, and logistics.
Iran’s Trade Promotion Organization has organized seven specialized panels during the event, covering areas such as trade, industry, and agriculture (Ministry of Industry, Mine, and Trade); economic, customs, banking, and investment cooperation (Ministry of Economic Affairs and Finance); transportation, transit, and engineering services (Iran's Transport and Urban Development Ministry); environmental, health, and tourism cooperation (Department of Environment); energy collaboration, including oil, gas, electricity, and renewables (Ministry of Oil and Ministry of Energy); scientific and technological cooperation (Vice Presidency for Science and Technology); and discussions among the heads of chambers of commerce (Iran Chamber of Commerce, Industries, Mines, and Agriculture).
Iran’s Deputy Minister of Industry, Mines and Trade and Chairman of the Trade Promotion Organization Mohammad Ali Dehghan Dehnavi said that the Caspian countries had a significant potential for collaboration in areas such as environmental protection, preventing the decline in the Caspian Sea's water level, safeguarding fish stocks, developing oil and gas resources, advancing maritime shipping, and establishing new transport routes.
At the forum’s conclusion, the prime ministers of the five Caspian littoral states will sign a final declaration. This will outline measures to strengthen cooperation and set a framework for ongoing ministerial follow-ups to implement the agreements.
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On 18–19 November, Iran’s Gilan Province, in the city of Rasht, will bring together the leaders of the Caspian littoral regions. The two-day meeting will gather delegations from all five Caspian states – Azerbaijan, Russia, Iran, Kazakhstan and Turkmenistan.
Russia’s Foreign Minister Sergei Lavrov has expressed his country’s agreement with Tehran’s plans to host the summit meeting of the Caspian Sea littoral states in 2026.
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Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
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.
Welcome to our live coverage as the conflict involving Iran enters its 11th day. Tensions in the region remain high as the United States and Iran exchange increasingly sharp warnings over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Turkish President Recep Tayyip Erdoğan has told Masoud Pezeshkian, his Iranian counterpart, that violations of Turkish airspace by Iran could not be justified “for any reason whatsoever.”
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Azerbaijan is evacuating nearly 200 people from the Middle East on a special charter flight departing from Oman.
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