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Friday, September 18, 2026
Azerbaijan’s cotton growth shifts focus from export volumes to industrial value

Azerbaijan’s cotton growth shifts focus from export volumes to industrial value

Azerbaijan exported 95.9 thousand tons of cotton fiber in the first seven months of 2026. During the same period last year, this figure stood at 72.7 thousand tons. As a result, cotton fiber exports increased by 31.9 percent, or 23.2 thousand tons, over the year. The value of exports also increased by 26.2 percent, from $108.1 million to $136.4 million. At the same time, the average export price of one ton of cotton fiber fell from $1,486 to $1,422.

Future of Hormuz shipping remains uncertain despite Iran-Oman understanding

Future of Hormuz shipping remains uncertain despite Iran-Oman understanding

Iran and Oman have reached an understanding on specific entry and exit routes for vessels passing through the Strait of Hormuz following several weeks of negotiations. The Iranian side said maps and a joint document had been prepared for presentation to the Gulf states. The proposal is aimed less at "reopening" the strait than at establishing a coordinated and more predictable route for commercial shipping amid the current crisis.

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