The trade ties between the two neighboring countries have significantly worsened recently due to frequent border skirmishes.
After years of tension, Turkey launched a diplomatic charm offensive in 2020 to mend ties with Gulf countries, namely the United Arab Emirates (UAE) and Saudi Arabia.
Experts say that the move from Kabul to Iran’s Chabahar Port sends ripples of change across the economic currents of South Asia. Pakistan should streamline border procedures to reduce delays.
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Houthi attacks on cargo ships in the Red Sea have little effect on trade with Israel according to a Finance Ministry report.
The alternative shipping route around South Africa's Cape of Good Hope can add 10-14 days to a journey compared to passage via the Red Sea and Suez Canal.
Approximately three weeks prior, the Turkish government had removed Israel from its list of export destination countries effectively withdrawing support for businesses engaged in trade with Israel.
Finkelstein Metals, employing around 60 individuals from diverse religious backgrounds in northern Israel, is critical to the nation's industrial infrastructure.
Reuters has tracked at least 22 other oil tankers to have diverted or paused since last Friday's warning from the US-led Combined Maritime Forces (CMF) in Bahrain.
Israel's war with Hamas in Gaza has far-reaching implications beyond our region, reshaping the balance of power on the world stage, and impacting the future.