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...
On May 3, President of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva met with Patriarch Kirill of Moscow and All Russia, who is visiting Baku.
President Aliyev welcomed the Patriarch and highly valued his visit to Azerbaijan. He noted that the traditional mutual respect, sympathy, and support between the peoples continue today and serve as a solid foundation for intergovernmental relations. The President emphasized that interfaith and interethnic peace and understanding prevail in Azerbaijan, with the Orthodox community playing a significant role in this harmony.
"The Orthodox community actively participates in the development of our country and contributes to the preservation of Azerbaijan’s sovereignty and territorial integrity," the head of state said.
In his remarks, Patriarch Kirill expressed his pleasure in visiting Azerbaijan again. He praised the personal sincerity of President Ilham Aliyev and First Lady Mehriban Aliyeva and commended the environment of mutual respect and friendship in the country.
Patriarch Kirill also conveyed warm greetings from Russian President Vladimir Putin and extended an invitation to President Aliyev to visit Moscow for the celebration of the 80th anniversary of Victory.
During the meeting, Patriarch Kirill presented the First Class Order of Saint Princess Olga of the Russian Orthodox Church to First Vice President of Azerbaijan and President of the Heydar Aliyev Foundation, Mehriban Aliyeva. She was awarded the order for her contributions to the preservation of traditional values and the promotion of intercultural and interfaith dialogue.
The meeting concluded with an exchange of gifts.
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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