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Thursday, August 6, 2026
Iran war turns Strait of Hormuz into global economic pressure point

Iran war turns Strait of Hormuz into global economic pressure point

In recent months, the Strait of Hormuz has remained the main stumbling block in diplomatic efforts between the two sides. It is alternately closed and opened. Iran believes that only Tehran and Muscat can monitor navigation in the Strait of Hormuz, while Donald Trump asserts that the US will not allow Iran to charge fees for passage through the strait.

CBA net claims on banks fall to AZN 5.75 billion in July 2026

CBA net claims on banks fall to AZN 5.75 billion in July 2026

The Central Bank of Azerbaijan (CBA) reported that its net claims on banks and non-bank credit organizations (NBCOs) stood at AZN 5.749 billion as of July 1, 2026, reflecting a significant decline in the banking sector's reliance on central bank financing, AzerNEWS reports.

Ruben Vardanyan’s philanthropic mask cannot hide his political past

Ruben Vardanyan’s philanthropic mask cannot hide his political past

There is an important distinction between philanthropy and political influence. The former can build schools, preserve cultural heritage and support communities. The latter can shape so-called governments in occupied territories, conflicts and public narratives. Ruben Vardanyan’s career deserves scrutiny precisely because the two have repeatedly appeared intertwined.

Water reserves hit low in southern Norway

Water reserves hit low in southern Norway

Water levels in southern Norway's natural reservoirs have fallen to their lowest point in more than 30 years, largely due to prolonged dry weather and below-average rainfall, AzerNEWS reports.

Land of Fire opens new opportunities for global movie productions [PHOTOS]

Land of Fire opens new opportunities for global movie productions [PHOTOS]

Azerbaijan is expanding its efforts to attract international film and television productions. In recent years, the Azerbaijan Culture Ministry and the Cinema Agency (ARKA) have introduced new funding programmes, production incentives and industry initiatives to support the country's film sector and encourage foreign productions. Their work is complemented by the Azerbaijan Film Commission, which provides production support for international projects.

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