President Ilham Aliyev said the Zangezur Corridor will soon become a vital part of the Trans-Caspian International Transport Route, known as the Middle Corridor, and the North–South Corridor.
Speaking at a “SCO Plus” session in Tianjin, China, Aliyev underlined that the corridor will strengthen peace and multilateral partnership in the region. He added that the route will bring economic and strategic benefits to Azerbaijan’s neighbours to the east, west, north and south of its borders.
The Middle Corridor was launched in 2014 to establish a trade link from China to Europe that bypasses Russia. The route runs through Kazakhstan, the Caspian Sea, Azerbaijan and Georgia, positioning the South Caucasus as a critical transit hub.
By integrating the Zangezur Corridor into this network, Azerbaijan aims to expand its role in Eurasian transport connectivity while promoting stability and cooperation across the wider region.
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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.
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Five years after Evergrande's debt crisis rattled global markets, founder Hui Ka Yan has been sentenced to life in prison, marking a dramatic new chapter in the downfall of China's former property giant.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
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South African human rights and environmental groups have urged the government to block Israeli-linked Navitas Petroleum from acquiring a stake in a major offshore oil block, citing concerns over the war in Gaza and environmental risks.
Israel and Colombia will waive advance visa requirements for travellers from 1 September as the two countries move to restore diplomatic and economic relations following years of tensions over the war in Gaza.
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