Iran accuses U.S. and Israel-linked actors of manipulating energy markets
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Ir...
Widely recognised as the world’s oldest oil exporter, Azerbaijan will showcase its renewed efforts to combat climate change on Friday as it hosts the 2026 World Environment Day conference in partnership with the UN.
The event in Baku will focus on climate change at a time when the world is on track to exceed the internationally agreed 1.5°C warming limit.
Ahead of the conference, UN Secretary-General António Guterres stressed the need to keep temperature increases as low as possible by slashing greenhouse gas emissions.
“The past eleven years have been the eleven hottest on record. And the damage goes far beyond rising temperatures - from polluted air to degraded land, collapsing ecosystems, and vanishing biodiversity. Harming health, destroying homes and deepening hunger.
“The world is heading for a temporary overshoot above 1.5 degrees. Every fraction of a degree brings greater harm - especially to the most vulnerable.
“Our task is to make that overshoot as small, as short, and as safe as possible - and rapidly bring temperatures back down. That means slashing emissions.”
Guterres highlighted the importance of transitioning from fossil fuels to renewable energy and cutting methane emissions in the fight against climate change.
Azerbaijan’s state energy company, SOCAR, has taken steps to tackle methane leaks from Soviet-era oil and gas facilities. The company uses gas-imaging cameras and drones equipped with methane-detecting sensors to identify leaks.

Methane, the primary component of natural gas, is responsible for around a third of the global warming being experienced today.
Hikmat Abdullayev, SOCAR’s Deputy Vice-President for Energy Transition, Environment and Decarbonisation, said reducing methane leakage was a “no-brainer.”
“Whatever emissions you reduce, you’re putting back into the system and you can sell them. In the long run, there’s a clear benefit from it.”
In November 2025, Azerbaijan updated its climate action plan and committed to increasing the share of energy generated from renewable sources to 30 per cent by 2030.
The country now expects to surpass that target and generate up to 39 per cent of its electricity from clean energy sources.
“You can drill as many wells as you want but sooner or later your production is going to go down,” Abdullayev said.
“With renewables it’s not like that. As long as you clean your solar panels, they’re going to deliver.”
Iran is setting conditions for reopening the Strait of Hormuz, including an end to the war, the lifting of the U.S. blockade and sanctions. At the same time, Washington is stepping up economic pressure on Tehran through what the White House calls “Operation Economic Outcast.”
Mail sorting centres used by Nova Poshta, Ukraine's largest private postal company, were destroyed in Russian strikes overnight, the firm said. Elsewhere, four people were injured after drones struck an apartment building in Sevastopol, Crimea, according to the Moscow-installed governor.
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
The Israeli-U.S. invasion of Iran, which began on 28 February, entered its seventh month on Friday, as Tehran wrapped up a week of high-level visits the region, with officials from Pakistan, Oman and Qatar helping to negotiate a way out of the current stalemate in the conflict.
Central Asia is moving towards a more connected digital financial system, as rising cashless payments, expanding digital wallets and growing cross-border trade create demand for faster and cheaper ways to move money across the region.
Around five years ago, British prosecutors reportedly decided against pursuing war crime charges against Asma al-Assad, the then First Lady of Syria, because she was unlikely to return to the UK.
Central Asia is emerging as a new market for fintech investment, with Uzbekistan and Kazakhstan leading the region’s push to attract venture capital, develop startups and build digital financial infrastructure.
Russian President Vladimir Putin will travel to Kyrgyzstan next week to attend the Shanghai Cooperation Organization summit, where he is expected to hold a series of bilateral meetings with regional leaders.
Kazakhstan’s government has stepped down as the newly elected unicameral parliament, known as the Kurultai, begins its first session, marking the next stage of political restructuring under the country’s new Constitution.
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