Great East
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A sharp escalation in geopolitical tensions at the end of February triggered one of the fastest oil price rallies in recent years. Over the following five weeks — from February 28 to April 5 — benchmark crude prices rose from around $70 per barrel to $110–120, according to Reuters.
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The ongoing disruption of traffic through the Strait of Hormuz is accelerating plans to develop new pipeline routes to export oil while bypassing the strategic waterway, the Financial Times reported.
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Heads of government of the Organization of Turkic States (OTS) gathered in Baku on April 2 with a familiar message and an increasingly pressing question: can a bloc built on shared identity evolve into a force with tangible economic impact?
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Israel has struck a second Iranian military facility near Azerbaijan’s borders within days, while a separate missile incident involving Turkey underscored the widening regional risks linked to the Iran confrontation.
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