Oil prices plunged by about 9% on Friday after Iran’s foreign minister said that the passage for all commercial vessels through the Strait of Hormuz was open for the remaining ceasefire period, ...
Economy
The South Caucasus has already entered a period of peace, Hikmet Hajiyev, assistant to the president of Azerbaijan and head of the presidential administration’s foreign policy department, said during ...
Russia and Azerbaijan intend to strengthen their cooperation within the framework of the declaration signed by presidents Vladimir Putin and Ilham Aliyev in February 2022, Lenta.ru reports. The docume...
The BBC is to cut as many as 2,000 jobs in the biggest downsizing of the public service broadcaster in 15 years, the BBC writes. This will affect about 10% of the BBC’s 21,500 employees. The round of ...
Azerbaijan has, for the first time, imported goods from Armenia. According to data from the State Customs Committee, in March of this year Azerbaijan imported $960 worth of goods from Armenia. Moreove...
Russia’s customs service has begun imposing higher import duties on goods entering from the EAEU if they were produced in so-called “unfriendly” countries, lawyers and business representatives told Fo...
The damage inflicted on Iran as a result of strikes by the United States and Israel has been estimated at $270 billion, government spokesperson Fatemeh Mohajerani told RIA Novosti. “Preliminary and ve...
The unified command of the Iranian armed forces says the ports in the Arabian Gulf and the Sea of Oman are “either for everyone or for no one”, Al Jazeera writes, citing state broadcaster IRIB. “The A...
Oil prices climbed above $100 a barrel on Monday as the US Navy prepared to block ships to and from Iran via the Strait of Hormuz, Reuters writes. Brent crude futures rose $6.96, or 7.3%, to $102.16 ...
The US military said it will begin a blockade of all maritime traffic entering and exiting Iranian ports and coastal areas on Monday, after weekend talks failed to reach a deal to end the war with Ir...
The European Bank for Reconstruction and Development (EBRD) will invest €5 billion in 2026 in the economies of countries most affected by the war in Iran, according to a statement from the London-base...
US President Donald Trump has announced that starting April 8, countries supplying weapons to Iran will be subject to a 50% tariff. The American leader shared the statement on Truth Social. “A Country...
