Editor’s note: Seymur Mammadov is a special commentator for News.Az and the director of the international expert club EurAsiaAz. The article reflects the author’s personal opinion and does not necessarily represent the views of News.Az. The deal between the United States and Iran, signed after months of military escalation and crisis around the Strait of…
Hamat’s board of directors has decided to halt the company’s self-manufacturing operations in Turkey, about a decade after it established a sanitary ware plant there. The products are manufactured through its subsidiary MCP, which oversees the production of ceramic sanitary ware, including the design, development, manufacturing and sale of toilets and sinks, mainly for other…
The Iranian Revolutionary Guards declared the Strait of Hormuz shut again on Saturday. Meanwhile Iranian state media says high level officials have arrived in Switzerland for peace talks starting this Sunday. And after initially cancelling his trip, US Vice President JD Vance has landed to take part. Tehran’s nuclear programme and other points in the…
Three fully laden India-linked supertankers have re-emerged in the Gulf of Oman, adding to increased reports of traffic moving both ways across the northern and southern routes of the Strait of Hormuz, while conflicting narratives over the status of transits persist. The Desh Vibhor, Desh Vaibhav and Sanmar Herald were observed in the Gulf of…
1. South Korea’s beauty and skincare industry has become the second largest superpower in the world, immediately following France which dominates the field, and has already bypassed the US. At the current pace of the past two years, the day will yet come when the Koreans will overtake the French and become the primary cosmetics…
The sudden closure of the Strait of Hormuz, rising conflict between Israel and Hizbollah, and fresh uncertainty around US Iran talks have pushed energy supply risks back to center stage. For energy sector stocks, especially large cap oil and gas producers, this mix of disrupted trade routes and potential new costs for shipping could reshape…
Benjamin Netanyahu on Saturday, 20 June reiterated that Israel will not leave occupied land in Lebanon, despite the US‑Iran MoU calling for an immediate ceasefire in Lebanon. “We will stay in the Lebanon security buffer zone for as long as necessary,” said the Israeli PM while admitting differences with the US President Donald Trump. “Many…
Iran declared the Strait of Hormuz closed to shipping transit on Saturday, saying the move was a response to Israel’s alleged violation of a ceasefire through continued military actions in southern Lebanon. Diplomatic context The announcement came as Pakistan confirmed that US-Iran talks aimed at securing a lasting peace agreement are expected to open in…
Gaza health officials said Israeli strikes on Saturday killed five people, including four members of the same family, in the latest violence to rock the Palestinian territory despite a ceasefire. Israel and Hamas trade near-daily accusations of truce violations and the Gaza Strip remains gripped by bloodshed as progress on permanently ending the war remains…
The Strait of Hormuz reopens after a US-Iran MoU, easing global energy security concerns. Learn how this impacts crude oil prices, shipping, and major importers like India. Dubai/New Delhi, Jun 19 (PTI) The reopening of the Strait of Hormuz marks the end of nearly four months of disruption that sent crude oil prices soaring and…
