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By Aytaс MAHAMMADOVA, Energy Security Expert affiliated with the Caspian-Alpine Society
The geopolitical order of the Middle East experienced a major shock when the United States and Israel carried out coordinated airstrikes against Iran. The operation resulted in the death of Supreme Leader Ali Khamenei together with several senior political and military officials. The strikes were followed by a rapid response from the remaining Iranian leadership that targeted one of the most sensitive nodes of the global economy. After the initial phase, attention quickly shifted to the Strait of Hormuz. Within days a scenario that had long existed mainly in strategic assessments began to unfold in practice as Iran moved to restrict navigation through the world’s most important maritime oil corridor, generating immediate turbulence in global energy markets and financial systems. READ MORE
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