live U.S.-Iran standoff continues as Hormuz shipping and diplomacy remain uncertain
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to res...
The 17th Summit of the Economic Cooperation Organization (ECO) is set to be held in Khankendi, Azerbaijan, said Rovshan Mirzayev, Deputy Head of the Economic Cooperation Department of Azerbaijan’s Ministry of Foreign Affairs.
Previously, the summit was scheduled to take place in Baku on July 3-4, 2025.
He noted that the upcoming summit in Khankendi will focus on “Sustainable Development and Climate-Resilient Economic Cooperation.”
The announcement was made during an event hosted by the Center for Analysis of International Relations, titled “Azerbaijan and the Economic Cooperation Organization: Opportunities and Prospects.”
Mirzayev highlighted Azerbaijan’s active role within the organization, stating that the country’s growing economic potential has laid a solid foundation for deeper cooperation with ECO member states.
Under the Chairmanship of the President Shavkat Mirziyoyev, the Republic of Uzbekistan hosted the 16th ECO Summit on November 9, 2023 in Tashkent.
Currently ten countries from West and South Asia, Caucuses and Central Asia are Members of the Organization.
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
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.
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