Iran & Caspian Pipeline Consortium

Iran: Iran halted retaliatory strikes after the US pause, but continues to assert control over the Strait of Hormuz and turn back ships. It denies direct talks but engages via mediators, with internal skepticism about US intentions.

Caspian Pipeline Consortium: Resumed oil loadings at Black Sea terminal after temporary closure.

Iran: The Iran war has already disrupted supply from Saudi Arabia and Gulf producers, compounding global oil supply concerns.

Caspian Pipeline Consortium: CPC suspended loadings after drone attacks on tankers, then resumed, but the disruption caused significant output cuts in Kazakhstan.

Iran: Central party in the conflict; denied negotiating with the US, but is in talks with Oman over a temporary shipping route. Its closure of the Strait of Hormuz has disrupted global energy supplies.

Caspian Pipeline Consortium: Experienced temporary suspension and drone attacks, affecting Kazakh oil exports. Its operations are vulnerable to regional instability.

Caspian Pipeline Consortium: The Caspian Pipeline Consortium's terminal was attacked by Ukrainian drones, causing damage to loading infrastructure and storage tanks, and disrupting 1.5% of global oil supply.