Azerbaijan cashes in on oil spike as war rattles markets worldwide

20 March 2026 16:02 (UTC+04:00)

Qabil Ashirov

Today, Azerbaijan’s oil exports reached a striking milestone: prices surged to $123 per barrel, propelled by the geopolitical tremors of the Iran–US–Israel war. This sudden escalation in energy markets has placed Azerbaijan at the center of a global economic storm, where the interplay of war, monetary policy, and commodity dependence creates both opportunities and risks. While the headlines focus on the conflict itself, the deeper story lies in how Azerbaijan can harness this moment of elevated oil revenues while navigating the tightening grip of global financial conditions.

Access to paid information is limited

Find the plan that suits you best.

1 month subscription

Full digital access to all news for 1 month

1.00₼

Select

3 months subscription

Full digital access to all news for 3 months

2.00₼

Select

-33%

6 months subscription

Full digital access to all news for 6 months

3.84₼

Select

-36%

1 year subscription

Full digital access to all news for 1 year

7.10₼

Select

-41%

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Latest