• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.10134 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

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After U.S. Bombs Iran, Central Asia Calls for Diplomacy and Restraint

In the early hours of June 22, the United States launched airstrikes on Iran’s nuclear facilities, triggering widespread concern across Central Asia. Despite the potential economic upside for Kazakhstan, with the possibility of rising oil prices, the region’s governments have uniformly called for restraint and a peaceful resolution. The operation, dubbed “Midnight Hammer” by the U.S. Department of Defense, reportedly targeted facilities in Fordow, Natanz, and Isfahan. While Washington claimed success, the Iranian authorities asserted they had evacuated uranium from the Fordow site in advance, calling the mission a failure. Military experts continue to debate the extent of the damage. Coordinated Responses from Central Asian Capitals The foreign ministries of Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, and Tajikistan issued similarly worded statements expressing concern over the rapidly deteriorating situation. Kazakhstan’s Ministry of Foreign Affairs stated that the U.S. airstrikes marked a dangerous escalation and emphasized the need for negotiations grounded in the UN Charter. “Kazakhstan is part of the group of Caspian countries and is developing cooperation with Iran in various areas. Our country believes that all disagreements, including nuclear issues, should be resolved through negotiations,” the statement said. It also urged international efforts to prevent nuclear proliferation and establish security guarantees for nations adhering to the non-proliferation regime. Uzbekistan’s Foreign Ministry echoed this sentiment and advised citizens to avoid traveling to Israel and Iran. It also urged those currently in those countries to leave high-risk areas where possible. Kyrgyzstan called on all parties to exercise “maximum restraint” and avoid steps that could exacerbate the crisis. Turkmenistan reaffirmed its policy of "positive neutrality," stressing the importance of diplomacy and adherence to international law. Ashgabat stated that it “does not accept the use or threat of force as a means of resolving political and other disputes”. Tajikistan, meanwhile, issued the strongest statement, condemning the U.S. and Israeli strikes outright and warning that the conflict could lead to a prolonged regional war. Dushanbe called on the UN, IAEA, and other global bodies to prevent violations of international law and work towards peace and environmental safety. The Economic Subtext: Rising Oil Prices While official reactions were uniformly cautious, analysts in Kazakhstan noted the economic implications. Expert Olzhas Baidildin pointed out that shares in KazMunayGas surged by 11% following the strikes, with its market capitalization rising to 10.3 trillion KZT ($19.8 billion). Baidildin previously argued that Iran is unlikely to follow through on threats to block the Strait of Hormuz. Nevertheless, he noted that such a move would dramatically increase the strategic importance of Kazakhstan and other Central Asian energy producers to major consumers such as China and India. Financial analyst Andrei Chebotarev agreed, stating: "Iran’s threat to close the Strait of Hormuz is no longer the ace it once was. The West has diversified away from Gulf oil, while the real impact would fall on China, the region’s largest importer. Meanwhile, the U.S. could benefit from a price surge through its shale exports". It is estimated that China purchases approximately 90% of Iran's oil exports...