Tajikistan boosts Central Asian fuel imports as Russian supplies dwindle
Tajikistan tripled fuel imports from neighbouring Central Asian countries in July after deliveries from Russia declined sharply, underscoring how disr...
Azerbaijan on Tuesday reported cross-border fire targeting its military positions from Armenia for the third day in a row.
In an initial statement, Azerbaijan’s Defence Ministry said its forces came under fire overnight from Armenian troops stationed near the settlements of Arpa, Saybali, and Vagan, located in the Keshishkend, Garakilseh, and Chenbarak regions, respectively.
The ministry stated that the incident occurred between 10:15 p.m. on Monday and 12:20 a.m. local time on Tuesday (18:15GMT–20:20GMT).
In a later update, it reported that Armenian forces near the Istisu settlement in the Basarkechar district also opened fire on Azerbaijani positions at approximately 8:55 a.m. (0455GMT) on Tuesday.
The reported cross-border fire marks the third consecutive day of claims by Azerbaijan, coming less than a week after both nations separately announced an agreement on a draft peace deal aimed at resolving their long-standing conflict and establishing diplomatic relations between Baku and Yerevan.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait, two key maritime chokepoints in the region, decreased significantly from the previous day, according to shipping data.
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U.S. President Donald Trump said negotiations to reopen the Strait of Hormuz are progressing and suggested an agreement with Iran could be reached “soon”.
Kazakhstan’s main oil export corridor was disrupted by drone strikes near Russia’s Black Sea coast in July, forcing a temporary suspension of crude loadings and raising fresh concerns over the vulnerability of regional energy infrastructure to the war in Ukraine.
Azerbaijan’s State Oil Fund (SOFAZ) has made its first investment in Latin America, acquiring an indirect stake in Peru’s largest independent electricity producer, Inkia Energy, as part of its strategy to diversify its global investment portfolio.
Uzbekistan and Kazakhstan will remove tariff and non-tariff barriers affecting around 20 product categories from 10 August, in a move designed to facilitate cross-border trade and support businesses in both countries.
President Masoud Pezeshkian has defended his administration's economic performance under longstanding Western sanctions and severe wartime conditions, saying barter trade with neighbouring countries has expanded to help Iran cope with financial restrictions, according to his office.
Armenian Prime Minister Nikol Pashinyan has said that Armenia currently has no option to join the European Union as an alternative to its membership in the Eurasian Economic Union (EAEU).
Tajikistan tripled fuel imports from neighbouring Central Asian countries in July after deliveries from Russia declined sharply, underscoring how disruptions to Russian exports are prompting governments across the region to seek alternative suppliers.
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