The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Eurasia “at forefront” of assault on individual freedoms.
Mixed messages as an Azerbaijani ruling party MP is refused entry to Russia while President Ilham Aliyev hosts Patriarch Kirill in Baku.
The Middle Corridor linking China to Europe through the South Caucasus and Central Asia has expanded significantly in the aftermath of Russia’s invasion of Ukraine, but its long-term prospects remain uncertain.
Playing long game for rare earths.
A ship carrying humanitarian aid to Gaza as part of the Freedom Flotilla Coalition's mission to break Israel's blockade has reportedly been hit by drone strikes in international waters near Malta.
Some forecasting even indicates the decline of the body of water could pose a threat to the shipping section of the rapidly expanding Middle Corridor transit route.
President Masoud Pezeshkian visited Baku on April 28, during which Iran and Azerbaijan signed seven memoranda of understanding (MOUs) covering sectors such as political consultation, transportation, cultural exchange, health, media, and investment.
Wider region increasingly seen as arena in which major powers’ interests, such as in sourcing critical minerals, collide and converge.
Baku is accelerating its partnerships with major Chinese energy firms in developing large-scale renewable infrastructure, including offshore wind, floating solar and battery storage projects.
Azerbaijan has shifted its traditional foreign policy strategy by making inroads into regions far beyond the post-Soviet space, including the Balkans, Middle East, and more recently Sub-Saharan Africa.
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Baku is deepening ties with Beijing ahead of President Ilham Aliyev’s upcoming state visit to China as it seeks partners outside Western-dominated frameworks.
Tofiq Yagublu started the hunger strike in response to what he called a politically motivated and unjust court ruling that sentenced him to nine years in prison on fraud and document forgery charges.
China has solidified its position as Azerbaijan’s largest trading partner in the South Caucasus.
Decision reduces transparency around FX operations that were previously disclosed every Tuesday and Thursday.
Little near-term pain, but lots of uncertainty about future.
Iranian official Mehdi Sanaei has held talks with Azerbaijan's top leadership, including President Ilham Aliyev in Baku, ahead of a visit by Iranian President Masoud Pezeshkian in April, IntelliNews has learned.
The new US administration wants to become the political team that ends the longstanding conflict between Armenia and Azerbaijan.
Eyewitnesses allege that heavy machinery struck a residential building despite an active court order prohibiting such action near the property.