Iran has announced plans to significantly expand its economic relationship with Afghanistan, targeting $10 billion in bilateral trade, as regional powers ramp up efforts to turn Afghanistan into a strategic trade and transit hub.
Iran is looking to significantly boost its economic ties with Afghanistan, setting an ambitious goal of reaching $10 billion in bilateral trade. The announcement was made during a recent conference on trade opportunities, held alongside the Iran Export Capabilities Exhibition in Tehran.
A high-level Afghan delegation, led by the acting Deputy Minister of Agriculture, participated in the event. The conference featured a series of business-to-business meetings, aiming to strengthen private sector cooperation between the two countries.
This renewed push for economic engagement comes as several regional countries, including Uzbekistan, Kazakhstan, Turkmenistan, and Azerbaijan, are also looking to enhance their trade and connectivity with Afghanistan.
Meanwhile, Russia has also signaled its growing interest in the region. The country’s First Deputy Prime Minister recently announced that, once the Trans-Afghan Railway Corridor is operational, it will initially handle between 8 to 15 million tons of Russian goods annually. The corridor is designed to link the European Union, Russia, Central Asia, and South Asia.
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As these initiatives gather momentum, Afghanistan is increasingly positioning itself as a vital trade and transit hub for the region,an opportunity that, if realized, could transform the economic future of just Afghanistan but the wider region.
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Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Iranian civilian and military officials have pledged their obedience to the new leader, Ayatollah Seyed Mojtaba Khamenei, with President Masoud Pezeshkian saying his leadership “will herald a new era of dignity and authority for the Iranian nation.”.
Almost 2,000 people have been evacuated from Iran via Azerbaijan since conflict erupted in the Middle East.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
U.S. President Donald Trump and UK Prime Minister Keir Starmer spoke by phone on Sunday as tensions between Washington and Westminster deepened over the conflict involving Iran. The call came less than a day after Trump criticised Britain’s response to U.S. strikes on Iranian targets.
Norwegian police are searching for a suspect after an explosion at the U.S. embassy in Oslo on 8 March caused minor damage but no injuries, in what authorities say may have been a deliberate attack linked to the Middle East crisis.
An explosion damaged a synagogue in the Belgian city of Liège early on Monday (9 March) in what authorities said was an antisemitic attack that caused damage but no injuries.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
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