Prices are rising sharply in Turkmenistan after the war disrupted imports from neighbouring Iran, a major supplier of fruit, vegetables, construction materials and cigarettes. Retailers and consumers warn the shortages are already driving up costs.
Prices have doubled in Turkmenistan’s capital, Ashgabat, according to market data and business owners.
Aman, a construction materials dealer in Ashgabat, told Reuters: “Stocks are rapidly depleting, and new shipments are not arriving. The outlook is paralysed and uncertain. We are currently selling Iranian goods at a higher price — 50–70% higher.”
Potatoes, cucumbers and fruit have doubled in price at Ashgabat bazaars as of Thursday, according to local market data. The Turkmen capital lies about 30 km (19 miles) from the Iranian border.
Iran and Turkmenistan have a reciprocal trading relationship, with Turkmenistan - which has the world’s fourth-largest gas reserves - exporting electricity to Iran’s north-eastern provinces. In the past, it has also supplied some of its vast natural gas reserves to Turkey and Azerbaijan through gas-swap agreements with Iran.
Turkmen authorities have said the conflict in the Middle East is “regrettable.”
Turkmenistan has long adhered to strict neutrality in international affairs. However, its former president and “National Leader”, Gurbanguly Berdymukhamedov, congratulated Mojtaba Khamenei on his selection as Iran’s new supreme leader, according to state media.
Leaders of Iran, Israel, and the United States reiterated their determination to press on with the conflict on Friday (13 March), as the Middle Eas...
Kazakhstan is preparing a new phase of efforts to restore the Northern Aral Sea together with the World Bank, focusing on raising water levels, imp...
Prices are rising sharply in Turkmenistan after the war disrupted imports from neighbouring Iran, a major supplier of fruit, vegetables, constructi...
NATO air defence systems intercepted a third Iranian ballistic missile over Tür...
UN Secretary-General António Guterres has accepted a peace prize awarded to him in Ankara. Turkish President Recep Tayyip Erdoğan presented...
Turkmenistan is preparing for a presidential visit to Brussels as the European Parliament considers ratifying a partnership agreement that has been stalled since 1998, with energy cooperation emerging as a key driver of renewed dialogue.
Turkmen authorities announced that the next summit of the Commonwealth of Independent States (CIS) will take place in Turkmenbashi’s Avaza National Tourist Zone, according to a statement.
A landmark agreement between Türkiye’s state pipeline operator BOTAŞ and Turkmenistan’s state-owned Turkmengaz marked a significant step forward in the energy ties between the two nations.
Japan and five Central Asian nations have unveiled a range of initiatives aimed at strengthening critical minerals supply chains and fostering broader regional cooperation, following their first summit in Tokyo on Saturday.
The U.S. should shut down its military bases in the Middle East, Iran's new Supreme Leader Mojtaba Khamenei said on Thursday (12 March). His words were read out by a broadcaster on state Iranian television.
Leaders of Iran, Israel, and the United States reiterated their determination to press on with the conflict on Friday (13 March), as the Middle East war approached two weeks, leaving thousands dead and millions affected, tensions in the region escalated further with a deadly attack in Iraq.
“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Britain has deployed the Royal Navy destroyer HMS Dragon to the eastern Mediterranean to strengthen protection for its military assets in the Middle East after a drone strike targeted a key UK air base in Cyprus earlier this month.
Kazakhstan is preparing a new phase of efforts to restore the Northern Aral Sea together with the World Bank, focusing on raising water levels, improving irrigation management and strengthening regional co-operation over shared water resources.
Leaders of Iran, Israel, and the United States reiterated their determination to press on with the conflict on Friday (13 March), as the Middle East war approached two weeks, leaving thousands dead and millions affected, tensions in the region escalated further with a deadly attack in Iraq.
UN Secretary-General António Guterres has accepted a peace prize awarded to him in Ankara. Turkish President Recep Tayyip Erdoğan presented the Atatürk International Peace Prize to the UN chief in the country’s capital.
Iran should continue “blocking the Strait of Hormuz,” while the U.S. should “shut” its Middle East military bases, new Iranian Supreme Leader, Mojtaba Khamenei, said on Thursday in his first speech since being elected. He is still yet to appear in public, and a broadcaster read out his words.
International security and climate change are top of the agenda as leaders and policymakers from around the world meet at the 13th Global Baku Forum in the Azerbaijani capital this week.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment