Tag:

International Economy

Chaos in the Strait of Hormuz – what's happening?

The Strait of Hormuz — open or closed — depends solely on two countries: Iran and the United States. More precisely, it depends on the strategic game the two adversaries are playing as they juggle the interests of global trade.

19 Apr 2026-11:53
IMF lowers global growth outlook amid Hormuz blockade

The International Monetary Fund (IMF) has revised its global economic growth outlook downward due to rising energy and food costs, which have been exacerbated by escalating tensions between the United States and Iran.

14 Apr 2026-23:24
Trump’s ‘reckless’ moves could drag US into ‘living hell’, Iranian speaker says

Iranian Parliament Speaker Mohammad Baqer Qalibaf has warned that US President Donald Trump’s “reckless” actions could have far-reaching consequences for the United States and the wider West Asia region.

06 Apr 2026-10:22
China dials back on fuel price hikes to 'reduce burden' on drivers

China has dialled back on planned fuel price hikes in a bid to "reduce the burden" on drivers, as energy costs surge amid the Iran war.

24 Mar 2026-11:20
Nearly $600m oil bet placed before Trump announcement - FT

Traders placed a roughly $580 million bet on falling oil prices shortly before President Donald Trump announced a pause on planned strikes against Iran, according to an exclusive report by Financial Times.

24 Mar 2026-09:46
World in energy crisis worse than 1970s’ oil shocks combined, IEA head says

The world is facing a worse energy crisis than the twin oil shocks of the 1970s and the fallout of the Ukraine war combined, the head of the International Energy Agency (IEA) has warned.

23 Mar 2026-11:39
UN-Habitat official: Azerbaijan will contribute to strengthening urban development in the region

“In the Eastern Europe and Central Asia region, the ageing housing stock, a shortage of affordable housing and seismic risks remain among the main challenges in urban development,” Erfan Ali, Director of the UN Habitat Regional Office for Eastern Europe and Central Asia, said at a briefing on the sidelines of the 13th Global Baku Forum on Saturday.

14 Mar 2026-13:56
World on the brink of the biggest energy crisis in history - OUR ANALYSIS

The global oil market is once again entering a period of sharp turbulence. Geopolitical conflicts, threats to critical energy transport routes, and rising inflation expectations have pushed energy prices upward. At first glance, such developments might seem to benefit oil-exporting countries. After all, higher prices mean higher revenues. Yet the reality of the modern energy economy is far more complex. Extremely high oil prices can be just as problematic for producers as a dramatic collapse in the market.

14 Mar 2026-12:42
Azerbaijan reopens Iran border to cargo traffic

Cargo transportation by all types of vehicles between Azerbaijan and Iran has resumed.

09 Mar 2026-11:47
Russia ships 488 tons of grain to Armenia via Azerbaijan

On March 9, 2026, Russia sent 488 tons of grain to Armenia, transported through Azerbaijani territory in seven railcars.

09 Mar 2026-10:54