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Monday March 16 2026
Oil artery at risk: US-Iran clash turns Strait of Hormuz into global energy flashpoint

Oil artery at risk: US-Iran clash turns Strait of Hormuz into global energy flashpoint

Since late February 2026, the Strait of Hormuz has become the central theatre of the US–Iran confrontation. Following joint US–Israeli strikes on Iranian military infrastructure, Iran retaliated with missile and drone attacks across the Gulf and issued warnings to vessels attempting to pass through the strait. The consequences have been very 'dramatic'. But US has forgotten that geography cannot be destroyed.

Could oil really hit $200? Iran’s Hormuz threat faces market reality

Could oil really hit $200? Iran’s Hormuz threat faces market reality

When Ebrahim Zolfaqari, spokesperson for Iran’s Islamic Revolutionary Guard Corps (IRGC), declared that oil prices could surge to $200 a barrel if tensions escalate in the Persian Gulf, markets understandably took notice. His warning, coupled with threats to block the Strait of Hormuz, was not the first time an Iranian official has invoked the specter of triple-digit oil shocks. Yet the question remains: how realistic is this scenario, and what would it mean for the global economy?

Energy markets under pressure as Middle East conflict triggers emergency oil measures

Energy markets under pressure as Middle East conflict triggers emergency oil measures

One of the most vital steps came from the International Energy Agency (IEA), whose member states unanimously agreed to release 400 million barrels of oil from emergency reserves to the global market. The decision followed an extraordinary meeting of the agency’s 32 member governments convened by Executive Director Fatih Birol to assess rapidly evolving market conditions and coordinate a response to supply disruptions caused by the regional conflict.

Mine clearance accelerates across Azerbaijan’s liberated territories

Mine clearance accelerates across Azerbaijan’s liberated territories

Mine clearance efforts in the liberated territories of Azerbaijan continued at a significant pace in 2025, with 69,200 hectares of land cleared of mines and unexploded ordnance during the year, AzerNEWS reports.

Japan’s oil reserve release – how could China benefit?

Japan’s oil reserve release – how could China benefit?

Amid rising geopolitical tensions and disruptions to global energy flows, Japan has announced plans to release 80 million barrels of oil from its strategic reserves starting March 16, highlighting concerns over the country’s dependence on Middle Eastern energy supplies, AzerNEWS reports.

Nearly 1,500 trees planted in Shaki and Gabala within Green Marathon [PHOTOS]

Nearly 1,500 trees planted in Shaki and Gabala within Green Marathon [PHOTOS]

The next activities of the mass tree-planting campaign "Green Marathon," initiated by Leyla Aliyeva, were organized in the Shaki and Gabala districts during the spring season of 2026, AzerNEWS reports citing the IDEA Public Union.ts during the spring season of 2026, AzerNEWS reports citing the IDEA Public Union.

Turkic Culture and Heritage Foundation holds media roundtable in Baku [PHOTOS]

Turkic Culture and Heritage Foundation holds media roundtable in Baku [PHOTOS]

On 13 March, a roundtable meeting between the President of the Turkic Culture and Heritage Foundation, Aktoty Raimkulova, and representatives of Azerbaijani media outlets was held at the Foundation’s headquarters in Baku.

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