The Southern Gas Corridor and the rapidly developing Middle Corridor trade routes connecting Asia to Europe through the Caspian region are emerging as strategic energy transport bridges amid global disruptions, but these energy transit systems and their security require urgent investments in logistics connectivity and infrastructure. ADVERTISEMENT ADVERTISEMENT At the Baku Energy Forum, the Southern…
DUBAI, United Arab Emirates (AP) — Kuwait briefly shut the country’s main airport Wednesday after Iranian drones heavily damaged a terminal building and killed one person — the latest salvo in a series of back-and-forth attacks by Tehran and Washington that have tested a fragile ceasefire. The strikes came as semiofficial Iranian news agencies said the…
Türkiye plans to modernise the historic Hejaz Railway and extend it to Oman to create an alternative global trade route to the Strait of Hormuz, the Turkish transport and infrastructure minister said on Wednesday. Abdulkadir Uraloglu, speaking at the Anadolu Editor Desk, said that the country aims to revive the historical line for both tourism…
Rubio says the US will lift sanctions on Iran only if it gives up enriched uranium, rejecting a Strait of Hormuz-linked deal. Published On 3 Jun 20263 Jun 2026 As the US-Israel war on Iran entered its 96th day, the conflict widened across the Gulf region, with both sides reporting new military actions. The United…
Major supermarkets and food distributors have come under mounting pressure since the outbreak of conflict across the Middle East, with supply chains facing challenges from higher freight costs, longer shipping routes and rising fuel prices linked to the crisis. Retailers have spent weeks reworking procurement and logistics strategies to shield consumers from immediate price increases….
The recent conflict with Iran has helped deepen ties between Israel and the United Arab Emirates, with security cooperation expanding and new economic opportunities emerging, a senior Israeli official told AFP. According to the official, the shared security challenges posed by Iran have brought the two countries closer together and created momentum for broader cooperation…
Nigeria’s construction sector is facing mounting pressure after costs surged by 20 percent within five months, driven largely by rising material prices, energy costs, and global supply chain disruptions, a new industry report has revealed. The report, published by Fortren & Company and authored by its Chief Executive Officer, Martin Uche, shows that the sharp…
Israel’s air defense systems intercept projectiles launched from Lebanon, as seen from the Upper Galilee in northern Israel, May 31, amid a ceasefire between Israel and Lebanon. EPA-Yonhap BEIRUT, Lebanon — Israel and Hezbollah exchanged fire on Tuesday while Lebanese and Israeli envoys met in Washington for direct talks, with U.S. Secretary of State Marco…
Μake us preferred on Google ATHENS — Evangelos Marinakis used his appearance at the TradeWinds Shipowners Forum to make a striking case on the Strait of Hormuz: that paying a transit fee to the nations bordering the chokepoint would be a far better outcome for shipowners than seeing the waterway closed — or than the…
U.S. Ambassador to Israel Mike Huckabee publicly acknowledged for the first time that the next security memorandum of understanding between Washington and Jerusalem will end direct financial assistance to Israel. In a post Monday night on X, Huckabee said the planned agreement would prioritize trade and economic ties over traditional security grants, marking the first…
