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The Strait of Hormuz Deadlock and the Strengthening Role of Azerbaijan - VIDEO
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The blockade of the Strait of Hormuz against the backdrop of the conflict surrounding Iran has intensified the volatility of global energy markets and exposed the limitations of diplomatic rapid response mechanisms.
This is stated in the latest episode of the Caliber.Az YouTube channel.
"Under these conditions, the importance of alternative routes and suppliers is increasing, among which Azerbaijan stands out as a stable oil exporter. Thanks to its infrastructure, particularly the Baku-Tbilisi-Ceyhan pipeline, the country partially compensates for the lost volumes and contributes to reducing risks for the global market.
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