G7 set to discuss climbing oil prices, release of emergency reserves
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint r...
President of the Republic of Azerbaijan Ilham Aliyev gave an interview to a select group of Azerbaijani journalists in Washington on August 8, including our correspondent Oubai Shahbandar.
President of the Republic of Azerbaijan Ilham Aliyev says his visit to Washington has opened a “new page” in relations with the United States, highlighting the repeal of Section 907, the launch of a Strategic Partnership Charter, and progress in peace efforts with Armenia. Speaking to Azerbaijani media on August 8, he described his first meeting with U.S. President Donald Trump as “friendly” and “result-oriented.”
“President Trump brings tangible results. So from this point of view, I highly value our personal relationship,” Aliyev said, praising the meeting as “friendly, cordial, and result-oriented.”
Aliyev called the waiver of the “unjust” Section 907 in his presence a move of “great symbolic significance” and said Trump chose to do it during their meeting. He announced the creation of a working group to draft a Charter on Strategic Partnership with the U.S., outlining areas such as mutual investments, energy, transport connectivity, transit, security, artificial intelligence, and defence industry cooperation.
“We do not want to waste time; the past four years under the previous administration, I consider them lost years,” Aliyev said, criticising the Biden administration for making bilateral ties “hostage to Azerbaijan-Armenia relations.” He called the launch of the strategic cooperation format “a historic event” and expressed confidence that “concrete results” would soon follow.
The President said the peace agreement with Armenia had been initialled and should be formally signed soon. He expressed confidence that Armenia’s planned constitutional changes would remove territorial claims against Azerbaijan, calling it essential for the peace process and respect toward the United States.
“What has been signed between Azerbaijan and Armenia clearly demonstrates our intentions – we want peace, but we want connectivity,” Aliyev said, adding that safe passage between the two parts of the country would benefit the wider region, including Armenia.
Aliyev also criticised what he called five years of “rumours and provocations” about Azerbaijan’s intentions toward Armenia, blaming the Biden administration for fostering “Azerbaijanphobia.”
Aliyev noted that Azerbaijani natural gas is supplied to 10 NATO members and 14 countries overall, describing Azerbaijan as one of the world’s leading suppliers.
He confirmed discussions with the U.S. Export-Import Bank on resource projects, infrastructure, and transport. He called August 8 “a historic day” for regional security, stability, and economic opportunity.
On the economy, Aliyev said the memorandum between Exxon and SOCAR could lead to a “substantial project” and that there was a “high probability” of a major oil discovery. He emphasised Azerbaijan’s belief in the project’s future and Exxon’s long-standing experience in the country.
Aliyev said Azerbaijan aims to strengthen its role as a transit hub, with corridors crossing its territory playing a greater role in cargo transport. “This brings money, jobs, and political leverage,” he noted.
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.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
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.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
Bahrain’s state-owned oil company Bapco has declared force majeure after an attack set the country’s only refinery ablaze. The firm says domestic supplies remain secure, but operations are disrupted by the ongoing Middle East conflict, underscoring regional energy risks.
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.
An Israeli air strike and tank shelling killed six Palestinians, including two girls, in Gaza City on Sunday (8 March) in two separate attacks, local health officials say.
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.
After days of high-altitude competition and fierce rivalries and despite challenging conditions in Shahdag, Europe’s top athletes pushed to the summit in one final test of endurance before the competition finished.
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