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Monday, June 15, 2026
June 15 marks day traditional diplomacy saved Middle East from open war

June 15 marks day traditional diplomacy saved Middle East from open war

The recent announcement of a memorandum of understanding between Tehran and Washington marks a staggering, if fragile, turning point in modern geopolitics. Signed on June 15, this preliminary diplomatic framework arrives at a moment when the international community has grown dangerously accustomed to permanent friction in the Middle East.

Azeri Light oil prices drop over 6% amid global market slump

Azeri Light oil prices drop over 6% amid global market slump

The price of Azerbaijan's flagship "Azeri Light" crude oil has experienced a sharp decline, dropping by $6.35, or 6.57%, to settle at $90.50 per barrel on a CIF basis at the Italian port of Augusta, AzerNEWS reports.

German companies sign contracts with SOCAR for around 2 billion cubic meters of gas annually

German companies sign contracts with SOCAR for around 2 billion cubic meters of gas annually

German companies have signed agreements with Azerbaijan’s state energy company SOCAR for the purchase of approximately 2 billion cubic meters of natural gas per year, German Ambassador to Azerbaijan Ralf Horlemann said during a press briefing in Baku, AzerNEWS reports.

EU to lift Iran sanctions if there is 'real change'

EU to lift Iran sanctions if there is 'real change'

European Commission President Ursula von der Leyen said on Monday that the European Union will lift its sanctions on Iran once there is evidence that the Middle Eastern country is honoring its deal with the United States, AzerNEWS reports.

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