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...
Azerbaijan is increasingly positioning itself as a strategic bridge between East and West, using a combination of diplomacy, energy cooperation and regional connectivity to expand its international influence.
In recent years, Baku has stepped up its global engagement, taking on active roles in a range of international organisations and initiatives. The country has served on the United Nations Security Council and chaired both the Non-Aligned Movement and the Conference on Interaction and Confidence-Building Measures in Asia, reinforcing its presence on the global stage.
Hosting major international events has also become a key part of Azerbaijan’s diplomatic strategy. High-profile gatherings such as COP29 and the World Urban Forum have brought world leaders, policymakers and experts to Baku, positioning the country as a hub for dialogue on global challenges, including climate change, urban development and sustainable growth.
This growing international profile has been accompanied by increased political activity in the South Caucasus, particularly following the restoration of Azerbaijan’s territorial integrity. The country has since intensified efforts to promote a regional peace agenda and strengthen diplomatic engagement with neighbouring states.
Azerbaijan’s geographical location between Europe and Asia continues to underpin its strategic importance. The development of transport routes such as the Middle Corridor has enhanced the country’s role as a key transit hub, connecting markets across continents. These corridors facilitate trade flows between East and West, as well as along North-South routes, strengthening regional integration.
Energy cooperation remains central to Azerbaijan’s international role. Major infrastructure projects, including the Baku-Tbilisi-Ceyhan oil pipeline and the Southern Gas Corridor, have established the country as a significant supplier of energy to regional and European markets. These projects have contributed to energy diversification and security beyond the region.
At the same time, Azerbaijan is expanding its focus on renewable energy. Investments in large-scale solar and wind projects, along with efforts to develop green energy corridors, reflect a broader strategy to adapt to global energy transitions while maintaining its status as an energy exporter.
Beyond infrastructure and energy, Azerbaijan has also sought to position itself as a platform for dialogue. The country regularly hosts high-level diplomatic meetings and forums aimed at fostering cooperation on security, economic and political issues. Initiatives such as the Baku Process and the Global Baku Forum have further promoted intercultural dialogue, tolerance and international cooperation.
During its chairmanship of the Non-Aligned Movement, Azerbaijan also demonstrated an active role in global crisis response, supporting a special session of the United Nations General Assembly on the COVID-19 pandemic and providing humanitarian assistance to dozens of countries.
Together, these efforts highlight Azerbaijan’s growing participation in global affairs. By combining diplomacy, connectivity and energy initiatives, the country continues to strengthen its position as an emerging regional and international player.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
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.
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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