Uzbekistan faces $1.5 billion hit if Middle East tensions disrupt Iran trade route
Uzbekistan could lose up to $1.5 billion if escalating Middle East tensions disrupt vital trade and logistics routes through Iran, putting pressure...
President of Azerbaijan Ilham Aliyev addressed the international forum titled “Facing the New World Order” at ADA University, where the head of state highlighted the significance of expert visits to the country and its liberated territories.
“The small steps can start, like exchange of visits of journalists, intellectuals, maybe joint sessions on Transboundary rivers, because this is a serious concern for Azerbaijan, because Armenia is polluting the Araz River,”said President of Azerbaijan Ilham Aliyev while speaking at the international forum titled “Facing the New World Order” held at ADA University.
“By the way, the Kura River needs to be addressed more properly on route to Azerbaijan. So all that can have a practical impact. And with these small steps, we can try to reduce mistrust. To build trust it will take years, but at least to reduce it. So we are ready for that,” the head of state mentioned during his address at the international forum.
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
South Korea's presidential Blue House said on Monday it was reviewing U.S. President Donald Trump's comments on scaling back joint military drills. It added that it hoped a favourable relationship between Washington and Pyongyang could lead to meaningful talks.
Uzbekistan could lose up to $1.5 billion if escalating Middle East tensions disrupt vital trade and logistics routes through Iran, putting pressure on supply chains and the wider economy.
Azerbaijan has summoned Russia’s ambassador in Baku over recent Russian media comments it described as insulting, provocative and threatening towards the country, its people and leadership.
Israel and the United States have agreed to establish two working groups on Gaza’s future as Washington pushes to turn a fragile ceasefire into a broader political and security arrangement.
Uzbekistan is putting renewable energy, water security, waste management and climate-resilient cities at the centre of its growth strategy as it seeks to modernise infrastructure and attract green investment.
A power disturbance that swept across Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan on 14 August has highlighted both the benefits and vulnerabilities of Central Asia’s interconnected electricity grid.
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