live U.S. launches fresh Iran strikes as Tehran retaliates in Gulf
The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, triggering Iranian attacks on Kuw...
Senior officials from Azerbaijan, the European Union and China used the stage at the Munich Security Conference to promote the Trans-Caspian International Transport Route, or Middle Corridor, as a fast-growing trade artery and a potential anchor of regional stability.
The roughly 8,000–10,000 kilometer route linking China to Europe via Central Asia, the Caspian Sea and the South Caucasus has seen cargo volumes surge in recent years, drawing interest amid efforts to diversify away from northern routes through Russia.
The Munich Security Conference panel on the Trans-Caspian International Transport Route featured President of the Republic of Azerbaijan Ilham Aliyev, European Commissioner for Enlargement and Eastern Partnership Marta Kos, Founder and President of the Center for China and Globalization and former State Counselor of the People’s Republic of China Wang Huiyao.
The discussion was moderated by Helga Maria Schmid, Ambassador for Global Affairs at the Federal Foreign Office of Germany and President of the European Institute of Peace.
Panelists argued that connectivity is no longer just about logistics, but about resilience, de-risking and long-term geopolitical balance across Eurasia.
President Ilham Aliyev linked infrastructure expansion directly to the normalization process with Armenia, describing peace as both a prerequisite and a product of deeper regional connectivity.
“Peace is being established along our borders. A completely new situation has emerged,” President Aliyev said, referring to developments since the August initialing of a peace document in Washington.
He expressed hope a formal peace agreement would be signed this year.
“I hope we will sign peace agreement this year,” he said, noting that there have been no shootings along the border in recent months and that practical cooperation, including cargo transit and energy supplies, has begun.
Ilham Aliyev emphasized that infrastructure investment underpins Azerbaijan’s role as a transit hub.
“Without physical infrastructure, geographical position doesn’t mean a lot,” he said.
Connectivity through Armenia toward Türkiye and Europe would significantly boost cargo flows, he said, adding that corridors will “create an entirely new situation in the South Caucasus” by fostering trilateral cooperation among Azerbaijan, Georgia and Armenia.
During the Q&A session, President Aliyev also addressed Russian attacks on Azerbaijani-owned facilities and diplomatic premises in Ukraine, confirming the issue had been raised diplomatically and describing the incidents as “deliberate” and “unfriendly.”
Comissioner Marta Kos framed the corridor within the EU’s Global Gateway and broader de-risking strategy.
She said geopolitical shifts and progress in Armenia-Azerbaijan relations have opened new opportunities for cooperation that were previously unthinkable.
Kos thanked President Aliyev for leadership in advancing peace efforts and argued that Europe must rethink the Black Sea and Caspian regions as connectors rather than dividing lines.
Studies cited during the panel suggest the corridor could triple traffic volumes by 2030, significantly reduce transit times and lower costs for businesses. Kos acknowledged regulatory bottlenecks, including multiple customs checkpoints, and emphasized digitalization and coordinated platforms involving EU member states, the South Caucasus and Central Asia.
“In these times of geopolitical challenges, we are doing the opposite — building connections,” she said.
Wang Huiyao described the Middle Corridor as complementary to existing Eurasian routes, including northern corridors through Russia.
He pointed to China’s Belt and Road Initiative and extensive investments across Central Asia and the Caspian region, arguing that diversified infrastructure strengthens economic resilience.
Greater trade and connectivity, he suggested, build trust and reduce the likelihood of conflict, positioning the corridor not as a geopolitical rival, but as part of a broader network of Eurasian integration.
The U.S. says it has launched strikes on Iran after alleged attacks on three commercial vessels in the Strait of Hormuz. Washington described the action as a response to threats against civilian shipping and a breach of the ceasefire.
U.S. President Donald Trump said on Wednesday that the memorandum of understanding signed with Iran to end the conflict was "over", adding he did not want to engage with Tehran, calling the Iranian leadership "sick people".
Typhoon Bavi churned southeast of Taiwan in the Pacific Ocean on Thursday, its winds easing overnight to just shy of 200 kph (124 mph), as authorities urged residents to stock up on supplies and brace for what could be the most powerful typhoon since 2024.
NATO leaders are unveiling multi-billion-dollar arms deals in Ankara as President Donald Trump joins the summit, highlighting Europe's increased defence spending amid tensions over Russia and Iran, and following years of U.S. criticism of the alliance.
The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, triggering Iranian attacks on Kuwait and Bahrain in the latest escalation to derail efforts to end the war.
China's technology sector is producing billion-dollar startups at its fastest pace in nearly five years, with artificial intelligence and robotics driving a new wave of investment that is reshaping the country's innovation economy.
It has been a punishing week for large parts of China, and forecasters warn the worst may not be over. After Typhoon Maysak left a trail of destruction and at least 23 people dead, Super Typhoon Bavi is now threatening the country's eastern coast.
Western Europe experienced its hottest June since records began in 2026, according to the Copernicus Climate Change Service (C3S). The record-breaking month brought extreme heat, widespread disruption and thousands of excess deaths across parts of the continent.
South Korea's Supreme Court has upheld former President Yoon Suk Yeol's seven-year prison sentence in a case linked to his 2024 attempt to impose martial law.
Germany has reached an agreement with the U.S. to purchase Tomahawk cruise missiles and deploy them on German territory, Chancellor Friedrich Merz told lawmakers in Berlin on Thursday.
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