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SOCAR investing in Turkey's oil refining

The State Oil Company of the Azerbaijani Republic (SOCAR) plans to invest $120 million in a new jet fuel production unit at the STAR oil refinery in Turkey, Turkish media reported, citing SOCAR Turkiye.

Conflict with Iran rapidly nearing end - Trump

The conflict with Iran is rapidly nearing an end, but the United States wants a long-term solution that takes its allies’ interests into account, U.S. President Donald Trump said.

Trump says new Iran strikes unlikely

After weeks of rumors that the U.S. and Israel were preparing new strikes on Iran, U.S. President Donald Trump said it was "highly unlikely" that he would order a new escalation as the Iranians "want to make a deal so badly."

Iranian authorities endorse agreement on Rasht-Astara railway

Iran’s Supreme National Security Council has endorsed the agreement on the construction of the Rasht - Astara railway line and the transfer of the entire 162-kilometer line to a Russian company to conduct surveys, Iranian Deputy Minister of Roads and Urban Development and Director General of Construction and Development of Transportation Infrastructures Company (CDTIC) Houshang Bazvand said.

Oil prices rise: Brent above 100 dollars per barrel

Oil prices rose Friday as investors weighed the risk of renewed military escalation between the U.S. and Iran following the midterm elections, alongside prospects for a diplomatic breakthrough.

Azerbaijan to chair Caspian Sea Aquatic Bioresources Commission

Azerbaijan will assume the chairmanship of the Commission on Aquatic Bioresources of the Caspian Sea, head of Turkmenistan's Caspian Sea Institute Murad Atajanov said during panel discussions held as part of the 1st Azerbaijan Regional Aquaculture Forum in Baku.

Oil prices drop despite Strait of Hormuz attacks

Oil prices were mixed Thursday following a sharp selloff in the previous session as traders assessed the outlook for U.S.-Iran relations and recovering oil supplies from the Middle East.

Yerevan ready to withdraw international claims against Baku

Armenia will withdraw its claims against Azerbaijan before international bodies after the final signing of a peace treaty with Azerbaijan, Chief of Staff of the Prime Minister Lilit Makunts said at a joint meeting of the National Assembly’s standing committees.

Pashinyan departs for Brussels instead of Moscow

Armenian Prime Minister Nikol Pashinyan has departed for Brussels on a working visit, the Armenian PM's spokesperson Melania Harutyunyan said, according to Armenian media outlets.

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