• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.10818 0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.28%

Viewing results 1 - 6 of 261

Kazakhstan’s Persian Gulf Port Plan Faces New Iran Risk

Kazakhstan has moved a long-planned southern trade project from talks to contract. The move gives Astana a possible foothold on the Persian Gulf, but it comes as a second night of U.S. strikes on Iran and Iranian retaliation around the Gulf states have raised the cost of using that route. On June 28, Kazakhstan and Iran signed a 27-year BOT agreement to build a Kazakh transport and logistics terminal at Iran’s Shahid Rajaee Port in Bandar Abbas. The contract gives the project two years for construction and 25 years for operation, with commercial activity expected in the third year. Aman Malgazhdarov of QazExportPromotion signed for Kazakhstan, and Hossein Abbas Nejad of Hormozgan’s Ports and Maritime Organization signed for Iran. The project is designed to plug Kazakhstan into the International North-South Transport Corridor and widen export access to the Persian Gulf, South Asia, Southeast Asia, and East Africa. The $25 million investment covers a 15-hectare logistics center that could handle 1.5 million tons of goods a year. Mohammad Shakibi-Nasab, the head of Iran’s Ports and Maritime Organization, said it would “create jobs… increase the operational capacity” of Shahid Rajaee and “boost ports along the North-South corridor.” Malgazhdarov called it the “core of a future Kazakh port” within Shahid Rajaee. That ambition now sits beside a worsening security picture. On July 8, U.S. President Donald Trump declared the interim agreement to end the Iran war “over” after attacks on three cargo ships in the Strait of Hormuz. Asked about the deal, Trump said: “It’s over. I don’t want to deal with them.” The U.S. then launched a new round of strikes, and Iran fired on U.S. sites in Bahrain and Kuwait. U.S. Central Command said the attacks were meant to “further degrade” Iran’s ability to threaten navigation in the strait, with Trump warning, “If it happens again, it will get much worse!” By July 9, the U.S. military said it had struck 170 Iranian targets in 48 hours. Iran had fired at U.S. bases in Bahrain, Kuwait and Qatar, and Iran’s health ministry said U.S. strikes on July 7 and 8 killed 14 people and wounded 78. The attacks hit Bandar Abbas, where Shahid Rajaee is located, and other southern coastal areas. Crude oil prices rose by 5% as the risk widened. For Kazakhstan, the timing is uncomfortable. Shahid Rajaee sits near the Strait of Hormuz, the waterway that connects the Persian Gulf to the open sea. The port offers one of Central Asia’s shortest southern outlets, but the approach depends on a zone where security, insurance premiums, and naval risk can change quickly. A terminal can lower handling costs and improve control over cargo, but it cannot remove war risk at the maritime end of the corridor. The risk may not be limited to the Gulf. The Financial Times reported that a railway bridge near Aqqala in Golestan Province was hit with cruise missiles, citing Iran’s Revolutionary Guards. The bridge lies on the Gorgan-Incheh Borun line, which carries passengers and cargo...

Central Asian Governments Join Mourning for Iran’s Late Supreme Leader

Central Asian delegations have traveled to Iran for the funeral of Iranian Supreme Leader Ali Khamenei, who was killed in an airstrike on Feb. 28, the first day of U.S.-Israeli airstrikes on Iran. The gesture reflects how Central Asia countries want to preserve and expand longstanding ties with Iran, even as they build trade and diplomatic relationships with the United States.   President Emomali Rahmon of Tajikistan expressed condolences and hopes for peace during a meeting with Iranian President Masoud Pezeshkian inTehran on Friday, Tajikistan’s presidential office said. “It was noted that the volume of trade between the two countries has increased eightfold in the past five years, approaching almost five hundred million dollars in 2025,” the Tajik statement said. “At the same time, it was stated that there are all the necessary opportunities to bring this figure to one billion dollars in the near future.” Gurbanguly Berdymukhamedov, the former president of Turkmenistan who shares power with his son and successor, Serdar, was also in Tehran on Friday. In a meeting, Mohammad Bagher Ghalibaf, speaker of Iran’s parliament, told him that Iran wanted to expand links with Turkmenistan, according to Iranian state news agency IRNA. Berdymukhamedov said trade between the two countries should increase and “expressed confidence that Iran would achieve favorable results in future negotiations with the United States,” IRNA said. Other Central Asian delegations attending funeral ceremonies in Tehran were led by Foreign Minister Yermek Kosherbayev of Kazakhstan; Nuriddin Ismailov, speaker of Uzbekistan’s parliament; and Marlen Mamataliev, head of Kyrgyzstan's legislative assembly.   A fragile ceasefire between Iran and the United States is in place and negotiations aimed at reaching a lasting settlement to a conflict that impacted the global economy are underway. Delegations from dozens of countries are in Iran for the funeral, which includes events over several days. The mourning is an opportunity for the Iranian leadership to demonstrate international stature after many of its key figures were killed in the U.S.-Israeli attacks. Khamenei was replaced by his son, Ayatollah Mojtaba Khamenei. Some reports say the younger Khamenei was injured in the attack that killed his father and he has not been seen in public since the beginning of the conflict. The extent of his injuries has not been confirmed, though Iran has acknowledged that he was hurt.

The Fragile U.S.–Iran Truce: What Central Asia Stands to Gain and Lose

The preliminary memorandum signed in mid-June between the United States and Iran, followed by renewed talks between Washington and Tehran, has extended a U.S.–Iran truce and opened a 60-day window for negotiations on a final agreement. The nuclear terms remain unresolved, while Israel’s continued military presence in southern Lebanon, despite U.S. pressure for a withdrawal, underscores how fragile the broader regional de-escalation remains. At the end of this period, the parties may sign a final agreement, return to hostilities, or mutually agree to extend the interim arrangement. Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan, along with neighboring Azerbaijan, have welcomed efforts to de-escalate the conflict between the United States and Iran. The fighting briefly boosted demand for alternative routes through Central Asia, but prolonged instability would disrupt trade, raise transport and insurance costs, and increase security risks. The question now is what the region could gain if the pause holds. Those effects would vary across the region. Turkmenistan and Uzbekistan stand to benefit most directly from safer southern rail access through Iran to the Persian Gulf and Türkiye. Kyrgyzstan and Tajikistan, which are less directly connected to these corridors and less exposed to oil price swings, would feel the consequences mainly through freight costs, fuel prices, and wider regional trade. For Azerbaijan, a sustained pause would reinforce its role as the Caspian link between Central Asia, the South Caucasus, and Türkiye, while renewed instability would push more freight toward Trans-Caspian alternatives. That interest is not merely theoretical. Tajik-Iranian trade reached $119.6 million in the first quarter of 2026, while Tajikistan and Kyrgyzstan are developing access to Iranian maritime infrastructure through Uzbekistan and Turkmenistan. The opportunity, however, is conditional. A truce can reduce military risk, but it does not by itself remove the banking, insurance, and compliance problems that have long complicated trade through Iran. For Central Asian exporters and logistics companies, the question is not only whether routes are physically open, but whether carriers, lenders, insurers, and buyers are prepared to use them during a temporary 60-day window. Analysts interviewed by Deutsche Welle said the framework leaves several important provisions unresolved, making a final agreement uncertain. For Central Asia, the most immediate economic variable is the Strait of Hormuz. Kazakh historian and political analyst Sultan Akimbekov identifies its reopening as the key to easing global supply fears. A durable reopening, combined with the temporary U.S. waiver allowing Iranian oil sales through August 21, could put downward pressure on global energy prices. The effects would vary across Central Asia: weaker prices could strain hydrocarbon revenues, while lower fuel, fertilizer, and freight costs could ease imported inflation in Uzbekistan, Kyrgyzstan, and Tajikistan. For Kazakhstan, lower global oil prices would have significant implications. National Bank Governor Timur Suleimenov has said oil generates more than 50% of the country’s export revenues and over 30% of the state budget and National Fund revenues. That would reverse one of the conflict’s few short-term economic benefits for Kazakhstan. Higher crude prices had briefly improved the outlook for export revenues,...

U.S.-Iran Framework Could Reopen Central Asia’s Southern Route

The United States and Iran said on June 15 that they had reached a framework to end their war, halt the U.S. naval blockade of Iranian ports, and reopen the Strait of Hormuz. The sides said a memorandum of understanding could be signed on June 19 in Switzerland. The exact terms were not immediately known, with Iran’s nuclear program and sanctions relief left for later talks. Pakistani Prime Minister Shehbaz Sharif said the pact called for “the immediate and permanent termination of military operations on all fronts, including in Lebanon.” Trump posted, on Truth Social, “Ships of the World, start your engines. Let the oil flow!” Brent crude fell by more than 4% in early trading, and Asian stock markets advanced. Reuters later said shippers remained cautious after one LNG tanker passed through Hormuz on June 15. A reopened strait would not restore normal traffic immediately, with freight flows depending on mine clearance, insurance rules, port inspections, and shipping guidance for vessels entering the area. Kazakhstan was the first Central Asian state to publicly welcome the latest announcement. President Kassym-Jomart Tokayev praised the political will of the parties, saying they had helped “restore trust and mutually acceptable solutions.” Azerbaijan also issued a supporting statement praising Pakistan’s mediation and saying further talks could support “lasting peace and stability.” Central Asian governments had previously welcomed the U.S.-Iran ceasefire in April, with Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan calling for de-escalation and diplomacy. For Central Asia, oil prices are only part of the story. The larger question is whether de-escalation can reopen practical access to southern trade routes, ports, and markets beyond the Caspian. Since Russia’s full-scale invasion of Ukraine in 2022, the region has paid closer attention to alternatives to routes through Russia. Iran offers one of its shortest paths to the Gulf, the Indian Ocean, Türkiye, and India. But sanctions, banking risk, war insurance, and U.S. policy shifts have kept that path fragile. Chabahar is the clearest example. In May 2024, India signed a 10-year contract with Iran to develop and operate the port on the Gulf of Oman. India’s shipping minister, Sarbananda Sonowal, called Chabahar “a vital trade artery connecting India with Afghanistan and Central Asian Countries.” The port allows Indian cargo to reach Afghanistan and Central Asia without crossing Pakistan, and gives Central Asian exporters another route toward India and the Indian Ocean. The sanctions picture remains uncertain. On October 30, 2025, Washington granted India a six-month waiver that allowed operations at Chabahar to continue. No public replacement had been announced by June 15. The new framework could make another waiver easier to justify, but banks and insurers will wait for signed text, U.S. guidance, and proof that Hormuz and Iranian ports are safe. Reuters cited a senior Iranian official who said the draft framework included no new U.S. sanctions before a final deal, a temporary oil sanctions waiver, and the release of $25 billion in frozen Iranian assets. The same source said Iran would refrain from further enrichment and...

Opinion: Why the Next Head of UNAMA Should Come from Central Asia

A recent briefing on Afghanistan before the United Nations Security Council again showed that the country’s challenges can no longer be viewed only through humanitarian assistance or debates over recognition of the Taliban government. Afghanistan remains a deeply complex domestic issue, but it is increasingly becoming a regional one as well. The discussion now extends beyond human rights and political dialogue with the de facto authorities. It now includes the return of millions of people from neighboring countries, pressure on cities and rural communities, shortages of jobs and water, cross-border trade, security, and the future of regional transport corridors. Against this backdrop, the question of who should lead the United Nations Assistance Mission in Afghanistan (UNAMA) is no longer only a personnel decision. It has become part of a wider debate about what international policy toward Afghanistan should look like in its next phase. The catalyst for this discussion was the recent briefing delivered by Georgette Gagnon, the UN Secretary-General’s Deputy Special Representative for Afghanistan, before the Security Council. According to Gagnon, the de facto authorities maintain control over both Afghanistan’s territory and administrative structures. At present, they face no significant armed or political challenge. The Taliban themselves view the restoration of security across Afghanistan as one of their principal achievements. Yet this does not mean the situation is stable. Gagnon pointed to a fundamental contradiction within the current system of governance. There are rigid ideological policies that place considerable pressure on society. There are also more pragmatic approaches that have so far allowed the system to function and survive. In other words, Afghanistan appears to have achieved a form of managed stability, but without a clear vision of where that system is ultimately headed. Stability Conceals Deep Structural Problems The economic picture is equally mixed. Afghanistan has recorded positive growth in absolute terms. Fiscal stability has improved, revenue collection has increased, and several infrastructure projects are moving forward. The country has also largely maintained the gains achieved through the reduction of opium poppy cultivation. Yet beneath these signs of stabilization lie significant challenges. According to Gagnon, nearly 5.9 million people have returned to Afghanistan since 2023. This represents a population increase of more than 10%. Another 2.8 million Afghans could return during 2026 alone. Many returnees arrive with no savings, no employment, and limited prospects for rebuilding their lives. For a country with a fragile economy, this creates enormous pressure. Cities and rural communities are struggling to absorb new arrivals. Jobs, housing, water resources, and social services remain in short supply. The humanitarian situation remains severe. In 2026, approximately 21.9 million people, around 45% of Afghanistan’s population, are expected to require humanitarian assistance. Another major concern is demographics. More than half of Afghanistan’s population is under the age of 25. This generation is growing up amid limited opportunities. While the challenges facing girls have received international attention, boys increasingly face difficulties as well. Employment opportunities are scarce, household incomes are declining, and competition for livelihoods is intensifying. Environmental pressures...

Iran and Tajikistan Seek Closer Economic, Security Ties

Tajikistan and Iran have moved to deepen a relationship steeped in close cultural ties, holding talks on trade, security and the environment last week even as conflict in the Middle East weighs heavily on Iran. Sherali Kabir, Tajikistan’s industry and new technologies minister, and his Iranian counterpart Seyed Mohammad Atabak agreed that industrial cooperation between their two countries had entered “a qualitatively new stage,” the Tajik ministry said after they met on the sidelines of a gathering of the Shanghai Cooperation Organisation, a regional forum that includes Russia and China. At the meeting on June 5 in Kyrgyzstan, the two men talked about “the establishment of textile clusters based on Tajik cotton raw materials and Iranian technologies; joint projects in metallurgy and mineral processing; the production of agricultural machinery; pharmaceuticals and biotechnology; construction materials; as well as the chemical industry and coal processing,” according to the ministry. They also reviewed a plan to open a joint industrial park in Tajikistan and the application of digital technologies and artificial intelligence in industrial management. Earlier this year, the two countries said they planned to increase bilateral trade to $1 billion, which would roughly double the current annual amount. Tajik officials said trade had increased in the first quarter of this year, and the government sent a convoy of more than 100 trucks carrying what it said was humanitarian aid to Iran in March. On Monday, Iran and Israel appeared to be de-escalating after carrying out airstrikes on each other as a regional ceasefire came under strain. However, Tajikistan has not publicly taken a side in the war and instead called for a diplomatic solution. It is also working to deepen trade and other ties with the United States, which is seeking access to critical minerals and energy resources in Central Asia. The U.S. joined Israel in launching airstrikes on targets across Iran in February. In a separate meeting in Bishkek on June 5, the internal affairs ministers of Tajikistan and Iran discussed ways to counter transnational organized crime and build cooperation between their law enforcement agencies. The two countries, which don’t share a border, have long been concerned about instability and militant threats from Afghanistan, which shares a long border with both countries. According to state-run Iranian media, Interior Minister Ramazon Rahimzoda of Tajikistan also praised Iran during the encounter with counterpart Eskandar Momeni, saying it had shown resilience against “superpowers” in what the minister described as a testament to its technological skills and leadership. In another meeting last week, Shina Ansari, Iranian vice president and head of the environment department, and Bahadur Shiralizadeh, Tajikistan’s environment minister, talked on the sidelines of a Global Environment Facility forum in Samarkand, Uzbekistan. They discussed endangered species protection and pollutant monitoring, and Shiralizadeh said Tajikistan would welcome Iranian specialists on biodiversity, Iran’s state-run IRNA news agency reported. Iranian experts are involved in major hydropower projects in Tajikistan, which sees the technology as a way to alleviate energy shortages and reduce pollution from the use of...