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Thursday March 5 2026
Hormuz closure boosts oil, lifts prospects for Azerbaijan’s export revenues

Hormuz closure boosts oil, lifts prospects for Azerbaijan’s export revenues

Disruptions to logistics corridors are among the first visible consequences. The suspension or slowdown of cargo flows through key routes threatens supply chains that connect Asia, the Gulf, and Europe. For regional economies, the interruption of trade with Iran, long known for exporting relatively affordable goods, could trigger price increases. Countries that rely on Iranian imports for certain consumer and industrial products may soon feel upward pressure on domestic inflation.

Nation
Azerbaijan steps up preparations for WUF13 as Urban Development named strategic priority [PHOTOS]

Azerbaijan steps up preparations for WUF13 as Urban Development named strategic priority [PHOTOS]

On March 4, the Organizing Committee established in connection with the 13th session of the World Urban Forum (WUF13) of the United Nations held its meeting in Baku.

Oil & Gas
Azerbaijan’s SOCAR CAPE discloses January export earnings

Azerbaijan’s SOCAR CAPE discloses January export earnings

Other state-owned companies participating in non-oil export activities include SOCAR Polymer, AzerGold, Azəralüminium, SOCAR’s Gas Export Department, Azərpambıq Aqrar Sənaye Kompleksi, SOCAR-DALĞIC, Azərbaycan Dəmir Yolları, the State Energy Service of the Nakhchivan Autonomous Republic, and İstisu Mineral Water Plant.

Business
Central Asia-Azerbaijan Green Energy Corridor advances to feasibility stage

Central Asia-Azerbaijan Green Energy Corridor advances to feasibility stage

The first seminar dedicated to discussing the Feasibility Study (FS) for the initial development phase of the Central Asia–Azerbaijan Green Energy Corridor was held in Baku, AzerNEWS reports, citing Azerbaijan’s Ministry of Energy.

Analysis

Armenian-Azerbaijani conflict
How Azerbaijan’s post-war leverage meets Armenia’s economic reality [ANALYSIS]

How Azerbaijan’s post-war leverage meets Armenia’s economic reality [ANALYSIS]

At a time when peace negotiations between Azerbaijan and Armenia are gaining momentum, recent signals of economic cooperation have drawn attention. Armenia’s economy minister announced that the two sides have already exchanged lists of goods that could be exported to one another. This development, though modest, reflects a new reality emerging after decades of hostility.

Armenian Aggression
Massacre at Khojaly and shadow of 366th regiment

Massacre at Khojaly and shadow of 366th regiment

Some tragedies are etched so deeply into a nation’s memory that they define a generation. The massacre in Khojaly is one such wound for Azerbaijan.

World
Gold, silver surge as market volatility fuels safe-haven demand

Gold, silver surge as market volatility fuels safe-haven demand

Precious metals advanced sharply on Wednesday, with gold climbing back above the $5,200 mark as investors returned to safe-haven assets amid continued volatility linked to tensions in the Middle East, AzerNEWS reports.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Lifestyle
Sacred meaning of Fire Tuesday before Novruz

Sacred meaning of Fire Tuesday before Novruz

One of the most ancient and beloved celebrations in Azerbaijan is Novruz holday, the spring festival that marks renewal, awakening, and the beginning of a new year, AzerNEWS reports. Deeply rooted in tradition, Novruz reflects centuries of spiritual beliefs, communal values, and reverence for nature.

Culture
Young people participate in patriotic project [PHOTOS]

Young people participate in patriotic project [PHOTOS]

The project "In the Footsteps of Heroes" implemented with financial support from the Azerbaijan Youth Foundation and organized by the ASAN Volunteers, has successfully concluded, AzerNEWS reports.

Events
Iran-US nuclear talks in Geneva: Strait of Hormuz risks and Azerbaijan’s energy strategy

Iran-US nuclear talks in Geneva: Strait of Hormuz risks and Azerbaijan’s energy strategy

A closure of the Strait of Hormuz, through which roughly 20% of global oil passes, would trigger an immediate shock to energy markets. Oil prices could surge to $120–$150 per barrel, with US gasoline prices potentially exceeding $3–$4 per gallon. This would fuel worldwide inflationary pressures.

Sports
Shahdag welcomes top ski mountaineers for European Championships [PHOTOS]

Shahdag welcomes top ski mountaineers for European Championships [PHOTOS]

Azerbaijan is steadily establishing itself as a rising destination for winter sports, combining modern mountain resorts with stunning landscapes to attract both athletes and tourists.

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