live U.S. and Iran agree to ceasefire deal, parties to meet in Switzerland on Friday
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to b...
Uzbekistan is positioning itself to export goods worth up to $650 million to Iraq and Syria in 2026, while strengthening transport corridors through the Caucasus region, including enhanced ties with Azerbaijan and wider transit opportunities.
Business opportunities in Iraq and Syria are expanding, with Uzbekistan’s exported goods, especially electrical equipment and construction materials, expected to reach $500 million in Iraq and $100–150 million in Syria next year. Iraq alone imports around $93 billion worth of goods annually, making it a significant destination for expanded Uzbek shipments.
Routes through Erbil in northern Iraq serve as strategic logistics hubs that facilitate distribution not only across Iraq but also into neighbouring Syria and beyond to the Middle East. Truck deliveries to Baghdad take roughly 10 working days and cost about $3,300, while routes to Damascus are approximately 20 days at about $4,500.
Uzbekistan is also developing transport connections that link Central Asia with the South Caucasus and Middle East, including corridors involving Azerbaijan. Trade between Uzbekistan and Azerbaijan has been growing strongly, with mutual turnover exceeding $472 million in January–October 2025, about 2.4 times higher than 2024.
In late December, Uzbek and regional business delegations agreed on cooperation measures, including simplified customs procedures and participation in a trade exhibition in Baghdad in February. A Uzbekistan–Erbil business council was also established to coordinate trade and investment between the two regions.
Visits from Iraqi and Syrian business representatives to Uzbekistan are expected in early 2026, along with a proposed business forum to deepen commercial ties and facilitate B2B meetings.
Officials say that by combining export strategies with stronger transport networks through the Caucasus and improved diplomatic and logistic cooperation, Uzbekistan hopes to unlock new markets and significantly expand its presence across the Middle East and beyond.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
Seven people have been arrested in Italy over suspected sabotage attacks on high-speed railway lines during the Winter Olympics earlier this year.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
The UK has unveiled a major new package of sanctions against Russia, targeting the shadow fleet, military supply chains and financial networks that support the Kremlin's war in Ukraine.
Russian sailors aboard a naval frigate fired warning shots at a civilian yacht in the English Channel on Tuesday after the vessel reportedly came too close, according to a source familiar with the incident.
Leaders of the Group of Seven (G7) have called for a strong and coordinated international response to the Ebola outbreak in the Democratic Republic of the Congo, urging countries to commit more resources to contain the spread of the virus.
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