Hormuz crisis puts Azerbaijan’s oil sector in spotlight

The closure of the Strait of Hormuz directly affects the energy exports of Gulf countries such as Saudi Arabia, Iraq, Kuwait, Iran, the United Arab Emirates, and Qatar. Azerbaijan, however, is in a different position. Unlike these countries, it exports its oil to international markets mainly across the Caspian Sea and through pipelines. Consequently, the closure of the strait does not directly block Azerbaijan's oil exports. Its effects on the country are primarily indirect and are transmitte...