In an exclusive interview with EU Today, Dr Marat Terterov, Founder and Director of the Brussels Energy Club, and Co-founder of the European Geopolitical Forum, outlined the key economic and geopolitical implications of the current crisis and warned against further escalation or any attempt at externally imposed regime change in Iran. According to Dr Terterov, oil prices spiked by approximately 7 percent in the immediate aftermath of the strikes—an early signal of market anxiety. Although prices have since moderated, he emphasised that this stabilisation is largely based on “bets on a ceasefire” and a broad assumption that the situation would not worsen. “Most experts believe Iran lacks the military muscle to sustain an open conflict with the United States or Israel,” he said. While Tehran has voiced outrage over the strikes—carried out during ongoing nuclear negotiations—Dr Terterov cautioned against underestimating the strategic calculus behind Iran’s actions. READ MORE

By Vasif HUSEYNOV, PhD, Head of Department, AIR Center, Adjunct Lecturer, ADA and Khazar Universities, Baku

On August 28, Armenian Prime Minister Nikol Pashinyan announced that his country will start substantive talks next month with the United States and Azerbaijan on the practical arrangements for opening a transit route to Azerbaijan’s Nakhichevan exclave via the territory of Armenia. The agreement on this route (hereafter the Zangezur Corridor) was reached on August 8 during a trilateral meeting between Azerbaijani President Ilham Aliyev and Prime Minister Pashinyan, mediated by U.S. President Donald Trump. According to the trilateral agreement, the route (renamed as the Trump Route for International Peace and Prosperity, or TRIPP) would serve as an “unimpeded” passage and be managed through what Trump called an “exclusive partnership” between Armenia and the United States for 99 years. According to Pashinyan, this implies the deployment of an “Armenia-United States company” which “will carry out the business management”. He underscored that the company “will not control that road but manage it,” refuting the domestic criticism about the loss of Armenian sovereignty over the route and the sublease of the territory to the United States. READ MORE

By Vusal GULIYEV, Leading Advisor at the Baku-based Center of Analysis of International Relations (AIR Center)

Azerbaijani President Ilham Aliyev delivered a speech at the “Shanghai Cooperation Organization Plus” (SCO+) meeting in Tianjin, China (September 2025) underlining Azerbaijan’s role in regional connectivity and energy cooperation. Energy is a cornerstone of Azerbaijan’s economy and a major area of cooperation with both China and other SCO countries. As a hydrocarbon-rich nation on the Caspian Sea, Azerbaijan brings significant oil and gas assets to any partnership. It has leveraged its dialogue partner status in the SCO to advance energy collaboration aiming to diversify its export markets, attract investment in energy infrastructure, and even develop new energy technologies. Building on this foundation, Azerbaijan has gradually shifted its energy focus from its traditional European partners toward emerging Asian markets. Traditionally, Azerbaijan’s oil and gas have flowed Westward to Europe (through pipelines like BTC and TANAP), but now Asian markets are increasingly in focus. China has begun importing Azerbaijani crude oil in recent years. Although volumes are modest relative to Azerbaijan’s exports to Europe, they signal a growing Far Eastern demand. READ MORE

By Shanthie Mariet D’Souza, PhD, founder & president, Mantraya Institute for Strategic Studies (MISS)

Over the past few months, a process of normalization in the China-India bilateral has taken off.
Relations between nations can be fragile. Contingent upon internal and external factors – interests and compulsions – sour relations can turn into mutually beneficial partnerships. At the same time, harmonious relations that held out promises for the future can go awry. India is undergoing such a phase of transformation and rebalancing. Donald Trump’s United States, with the imposition of 50 percent tariffs, appears to have scaled down its interest in India as a checkmate to China’s assertive foreign policy in the Indo-Pacific, endangering the Quad. China, also bruised by Trump’s tariff policy, is sensing an opportunity to not just mend ties with India, but also try creating a Beijing-Moscow-New Delhi alliance. In light of these shifts, New Delhi’s much-avowed policy of strategic autonomy is undergoing a reorientation of sorts – swinging from a tilt toward the U.S. to one that is veering toward Beijing, albeit with a continued hope that Washington may realize its mistake and change tracks. READ MORE

By Fuad Shahbazov, Baku-based independent regional security and defence analyst

Uneasy neighbours at the best of times, open hostility from the Kremlin is pushing Azerbaijan closer to Ukraine.
Russian drones attacked an oil depot in Odesa in Ukraine on August 17. That’s not unusual, but that night’s target was notable in one important sense — the Kremlin struck high-profile infrastructure owned by SOCAR, Azerbaijan’s state oil company. This was no accident. Russia had attacked the same SOCAR facility in Ukraine on August 8. Taken together with a series of other events, it has become clear that Putin’s men are sending a message. That comes at some risk to themselves and potential benefits for Ukraine. These weren’t the first or even the most serious Russian acts of hostility against the energy-rich South Caucasian nation. On Christmas Day, Russian missile batteries shot down a scheduled Azerbaijan Airways plane, killing 38 people. The incident caused uproar, not least because while the missile firing may have resulted from mistaken identity, Russian air controllers refused the badly damaged aircraft permission to land. READ MORE

By Fuad Shahbazov, Baku-based independent regional security and defence analyst

The 12-day Israel-Iran war revealed new vulnerabilities in the Islamic Republic and increased tensions between Iran and its neighbour, Azerbaijan. In the aftermath of the strategic setback to Iranian nuclear and military facilities, Iran’s conservative political and security establishment began shifting focus toward perceived “close enemies” said to be complicit in the Israeli attacks. Among the primary targets of this narrative has been Iran’s northern neighbor, Azerbaijan, which Iranian state-run media and channels affiliated with the Islamic Revolutionary Guard Corps (IRGC) accused of providing “intelligence support to Israel” during the strikes on nuclear, military, and civilian sites. While Azerbaijani officials categorically denied any involvement in Israeli military operations and the Iranian government did not present concrete evidence supporting its claims, the media campaign renewed tensions between Tehran and Baku, undermining a period of cautious diplomatic stability that had followed earlier disputes over Armenia and other issues. Indeed, the Iranian criticism of a growing Azerbaijan-Israel alliance is not a new phenomenon and Azerbaijan’s ties with Israel have long been a source of discontent in Azerbaijan-Iran relations. READ MORE

By Benyamin POGHOSYAN, PhD, Senior Research Fellow at the APRI Armenia
Lara SETRAKIAN, President, APRI Armenia

Political scientists and wider civil society from Armenia and Azerbaijan don’t often see eye to eye. After decades of war between the two countries their grievances run deep, with each side blaming the other for continued rounds of conflict. But experts in Yerevan and Baku can now agree on one thing: the meeting held in Abu Dhabi on July 10 between their heads of government was a moment of respite for the South Caucasus. After months without a major meeting between the two sides (the leaders met briefly at the margins of the European Political Community summit in Tirana in May), Abu Dhabi was able to host their most comprehensive gathering in known history, attended by representatives who cover all key aspects of the Armenia-Azerbaijan peace process. Still, expectations should be managed. The two sides may yet be very far from signing a peace agreement, though a draft was announced earlier this year. There are thorny issues, like border demarcation, that remain unresolved. And there are competing visions for how the future of transport links should evolve. Nonetheless, the Abu Dhabi meeting has revived the diplomatic track, giving new hope for peace and stability, while calming fears of an imminent outbreak of war. READ MORE

Gayrat Khonnazarov, Editor-in-Chief, UzA news agency

The Republic of Uzbekistan has demonstrated significant success in the international arena, strengthening its active participation in the United Nations (UN) and its specialized agencies. In 2024, the country achieved a number of key milestones that underline its commitment to universal principles and standards in the areas of human rights, socio-economic development, labor, and global cooperation. READ MORE