The Iran war reignites and the Strait of Hormuz shuts again
Iran and the United States traded strikes again on 11 June, and Tehran declared the Strait of Hormuz closed to all shipping. For Central Asia the effects are higher prices and a southern route to the sea that is shut once more.
Kazakhstan sets its 2026 oil target at 98 million tonnes after pipeline attacks
Energy minister Yerlan Akkenzhenov said on 10 June that Kazakhstan will produce about 98 million tonnes of oil this year, below plan. Attacks on the Caspian pipeline and outages at Tengiz cost roughly 5 million tonnes.
