Iran’s New Trade Lifeline: The Caspian Sea
Part of composite article Oil Crisis Explodes: Brent Crude Tops $105 as Iran Threatens Wider War and France Sends Troops to Saudi Oil Sites View full article →
With the Strait of Hormuz blocked, Iran is turning to the Caspian Sea. This enclosed body of water has become a rapidly growing trade hub. The growth is largely driven by the new "Middle Corridor" route, which links Asia to Europe without passing through Russia. The Caspian Sea now represents a strategic stake for the surrounding countries.