central

I stayed at the central London hotel with rooftop pool, insanely good Italian food and free fizz on check in

An image collage containing 3 images, Image 1 shows Exterior view of The BoTree London hotel entrance, featuring a modern architectural facade adorned with lush greenery and vibrant flowers, Image 2 shows Henrietta Suite at The BoTree London, featuring a bed with white linens, a colorful floral wall mural, wood paneling, a TV unit, and a view of neighboring buildings through a large window, Image 3 shows The LAVO Bar at The BoTree London, featuring a white-tiled bar counter, rust-colored velvet barstools, and white marble tables lit by gold-toned lamps, with white decorative tree branches affixed to the ceiling

A UNIQUE hotel just steps from one of the UK’s busiest high streets, The BoTree is a must when visiting London.

Here is everything you need to know about staying at the hotel.

Here is everything you need to know about staying here
The rooms are light and airy, albeit with a splash of colour in each Credit: S

Where is The BoTree?

Just steps off the main streets of Oxford Circus, BoTree is a welcome respite from the bustle of the city.

But it is also right by Bond Street, which takes you straight to London Heathrow Airport too.

You even get free fizz when you check in, with the lobby decked out in green plants.

What are the rooms like?

I was wowed by my room as soon as I stepped in, with chic gold glass doors dividing my entrance from the main living space.

SUITE DEAL

I stayed in the affordable London hotel which feels like luxury without the cost


GO EAST

I swapped Sardinia for London to run a hotel – the pizza & coffee that rivals Italy

Simple marble counters contrasted with a euphony of colour in the form of multicoloured patterned wallpaper and accents.

It has everything you’d expect, from a tea and coffee station to a fully stocked minibar.

But it’s the little touches – the fleece lined dressing gown, the complimentary steamer – that set it above other London hotels.

Despite its central location, my room was blissfully quiet, with little trouble falling asleep in the huge king-size bed.

Options range from King Premium rooms or the suites which sleep up to four.

Rooms start from £283. See hilton.com.

The hotel is hard to miss from its beautiful exterior
Make sure to grab a drink at the beautiful bar

What is there to eat and drink?

On the ground floor of the hotel is Lavo, which makes you feel like you are world’s away from the busy high street just outside.

Start off at the bar which has a great cocktail menu which offers a twist on the classics – my tomato martini was the perfect start, alongside a fantastic DJ set.

Otherwise come to the restaurant with an empty stomach to fully enjoy the fresh Italian dishes and fantastic portion sizes.

My tuna tartare starter was piled high, while my penne a la vodka was rich and hearty.

I was tempted by the build-you-own cannoli but thought it would be remiss not to try the tiramisu, which was one of the best I’d eaten (outside of Italy, of course).

I was excited to return for breakfast, with a great spread from hot counters to pastries.

Need to grab something to go? Try Ground, the wellness cafe for a huge range of smoothies and healthy snacks.

What else is there?

Also at the hotel is triplebond, a wellness members club with spa, gym and rooftop pool.

Suite guests get access or you can book a day pass for £95.

Otherwise get your comfy shoes on and head out to Oxford Circus for a day of shopping, with all the top high street brands on offer.

Is it family friendly?

The hotel has connecting rooms for families while cots and high chairs can be requested.

The restaurant has a kids menu too.

Is the hotel accessible?

The hotel is wheelchair accessible, which includes to reception, the bar and restaurant.

There are 21 accessible guest rooms, with amenities including with roll-in showers and emergency call systems

Source link

European Central Bank President Lagarde to step down early | Business and Economy News

Christine Lagarde will leave the post in February, nine months before the end of her eight-year term.

European Central Bank (ECB) President Christine Lagarde will step down months before her term ends, kicking off a race to succeed her against a turbulent backdrop in the eurozone.

Lagarde announced on Thursday that she will leave the post on February 7, about nine months before the scheduled end of her eight-year term. She said in a filmed statement posted on X that she was leaving “with a sense of good work done and an ECB that is fit for the future”.

Recommended Stories

list of 3 itemsend of list

The move gives European Union leaders time to choose her successor before April’s French presidential election, which polls have suggested far-right candidate Marine Le Pen is favoured to win.

The timing could allow current European Council members, including French President Emmanuel Macron, to take part in appointing Lagarde’s successor before France’s vote.

Macron, who is not allowed to run again, thanked Lagarde in a post on X for “the determined action she led at the head of the European Central Bank” during “a period marked by numerous crises”.

“The transition at the head of the ECB must now be prepared in an orderly and balanced manner with our European partners,” the leader of the eurozone’s second-largest economy added.

However, Markus Ferber, a German member of the European Parliament, warned: “If the impression arises that such a departure is timed around national elections, it damages trust in an institution that must stand above any domestic political calculation.”

German Chancellor Friedrich Merz, leader of the eurozone’s largest economy, said Lagarde had led the bank “with great aplomb during challenging times”, and European Union chief Ursula von der Leyen thanked Lagarde “for everything you have done for Europe and the euro”.

French Finance Minister Roland Lescure praised her tenure. “Christine Lagarde has been an exceptional President of the ECB. As Europe navigated through crises and difficult times, she brilliantly modernised and strengthened the institution,” he posted on social media.

Marcel Fratzscher, president of the German Institute for Economic Research, told the Reuters news agency the early exit gives governments “an opportunity to appoint a successor who will safeguard European values and protect the ECB’s independence”.

Markets appeared unfazed. “Our view is that institutional behaviour is likely to outlast Lagarde and be quite similar, whoever takes over,” Simon Dangoor, head of fixed income macro investing at Goldman Sachs told Reuters.

Lagarde, appointed in October 2019, steered the bank through the COVID-19 pandemic, Russia’s full-scale invasion of Ukraine and the United States-Israel war on Iran.

The ECB faced criticism for responding too slowly to the 2022 inflation surge, caused by post-pandemic supply chain bottlenecks and the war on Ukraine. Inflation is currently running at almost double the bank’s 2 percent target amid worries over France’s public finances.

A former French finance minister and head of the International Monetary Fund, Lagarde arrived in Frankfurt in 2019 as the first ECB chief with no formal economics training or central banking experience, prompting some market participants to warn of a “credibility risk”.

In March 2020 as the pandemic shook sovereign debt markets, she said the bank was not there to narrow the gap between Italian and German borrowing costs. She went on to show that political diplomacy could steer a central bank through historic shocks.

Sources told the AFP news agency that leaving early would give Lagarde “greater freedom to express her views”. She has hinted she could campaign in the French presidential race, saying a European voice was needed in the debate.

Source link

G20 finance ministers, central bankers gather amid fallout from Iran war | Business and Economy News

The G20 finance ministers and central bank governors are gathering in Bangkok, Thailand, on Thursday amid an uncertain global outlook shaped by the US-Israel war on Iran.

The meetings are being held in conjunction with the annual meetings of the International Monetary Fund (IMF) and the World Bank, taking place in the Thai capital from October 12 to October 18.

Recommended Stories

list of 4 itemsend of list

Here are some of the key details about the meetings:

What are the G20, the IMF and the World Bank?

The G20 is an economic forum comprising 19 large economies, including the United States, China, the United Kingdom, Australia, Brazil, India, Japan, Indonesia and Saudi Arabia, as well as the European Union and the African Union.

The grouping has an annually rotating presidency, currently held by the US.

Together, the G20 countries account for about 85 percent of global gross domestic product (GDP) and three-quarters of global trade.

The G20 was established in 1999 as a forum for finance ministers and central bank governors to address shared economic concerns in the wake of the Asian Financial Crisis, before expanding into a broader forum for national leaders.

The IMF, based in Washington, DC, is an international financial institution that promotes international cooperation on monetary policy, trade and economic growth.

Its membership includes all but a handful of the world’s sovereign states, including North Korea, Cuba, the Vatican City and Monaco.

The World Bank, also based in Washington, DC, primarily serves as a provider of loans and grants to developing countries. It has 189 member countries.

The IMF and the World Bank were created at the 1944 Bretton Woods conference in the US, convened by the Allied Powers to establish the contours of the post-World War II international financial order.

Who will be attending the meetings?

Most finance ministers and central bank governors of the G20 will be in Bangkok, along with IMF Managing Director Kristalina Georgieva and World Bank Group President Ajay Banga.

US Treasury Secretary Scott Bessent will be a notable absence from the gatherings, as the top economic official of the world’s biggest economy and G20 chair.

US officials have cited “domestic engagements” for Bessent’s decision to skip the events, at which Washington will be represented by Deputy Secretary Francis Brooke and Undersecretary for International Affairs Erin Browne.

The G20 meeting, one of several gatherings of the group’s finance ministers each year, will help shape the agenda for the headline leaders’ summit in Miami, Florida, taking place on December 14-15.

What is on the agenda?

The economic fallout from the US-Israel war on Iran is expected to dominate discussions.

Attacks across the Middle East have upended economic activity across the region, while disruption to shipping in the Strait of Hormuz has driven a surge in energy prices worldwide.

Crude oil prices have exceeded $100 a barrel for much of the past eight months, placing a strain on government coffers and household budgets, particularly in the Gulf region and the rest of Asia.

In advance of the meeting, Australia’s Treasurer Jim Chalmers MP said he would use the discussions to call for an end to the conflicts in the Middle East and the reopening of the Strait of Hormuz “because that’s what the global economy desperately needs”.

“The war in the Middle East is having a devastating economic impact and is pushing up fuel prices, inflation and interest rates around the world,” Chalmers said in a statement.

Other issues likely to feature on the agenda include the ballooning debt levels of many countries, which exceed 100 percent of GDP in the US, Canada, Japan, Italy and France.

In a speech on Wednesday, Georgieva warned that mounting debt posed a threat to the global economy and that there was no “magic” formula that would allow governments to avoid tax hikes or spending cuts.

G20 members will also bring more specific individual concerns to the table based on their economic and geopolitical priorities.

The US, for example, has repeatedly expressed concern about “global imbalances”, a veiled reference to China’s state-driven industrial model that has allowed Chinese exporters to flood overseas markets with cheap goods.

US President Donald Trump has long claimed that China’s large trade surplus, which stood at a cumulative $938bn in September, proves that international trade is stacked against US manufacturers.

In a statement addressed to the IMF on Wednesday, Bessent called for action to address mismatched trade balances.

“This especially includes strengthening its analysis and engagement on the role non-market policies and practices and exchange rates play in driving external imbalances,” Bessent said.

“Policymakers around the world are having difficult discussions about how to sustain market-based systems amid distortionary policies from some economies that skew competition and hurt employment.”

Divisions and competing interests cloud the prospects for coordination, however.

At the last meeting of G20 finance ministers in Asheville, North Carolina, US, held on August 31 and September 1, member countries failed to issue a joint communique after China objected to language to do with trade.

Source link

Middle East and Central Asia’s economy to shrink in 2026 amid war, IMF says | Business and Economy News

Iraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.

The economy of the Middle East and Central Asia is set to shrink in 2026 amid the fallout of the US-Israel war on Iran, with countries such as Kuwait and Qatar facing double-digit contractions, according to the International Monetary Fund (IMF).

The region’s gross domestic product (GDP) is forecast to contract by 0.3 percent this year, a sharp downgrade from the 1.9 percent expansion projected in April, the IMF said in its latest economic outlook on Tuesday.

Recommended Stories

list of 4 itemsend of list

The IMF cited the prolonged disruption to shipping in the Strait of Hormuz, a conduit for one-fifth of global oil supplies in peacetime, for the downgraded outlook.

Kuwait, Iraq and Qatar are forecast to have the most severe economic contractions, with their GDPs expected to shrink by 16.7 percent, 16 percent and 15.6 percent, respectively.

Bahrain’s GDP is forecast to contract by 11.3 percent, while Iran’s economy is projected to shrink by 7.6 percent.

Saudi Arabia, which has partially offset the hit to its energy sector by boosting oil exports through the East-West pipeline, is projected to record negative growth of 3.3 percent.

Kyrgyzstan is expected to have the strongest growth in the region, with GDP forecast to expand 9 percent.

The Middle East and Central Asia is the only region that is expected to experience negative growth in 2026.

Emerging and developing Asia’s GDP is forecast to grow 5.1 percent, while the economies of Sub-Saharan Africa and Latin America and the Caribbean are projected to expand 4.5 percent and 2.3 percent, respectively.

The United States and China, the world’s two largest economies, are forecast to register growth of 2.3 percent and 4.5 percent, respectively, while the eurozone’s GDP is estimated to grow 1.1 percent.

The IMF said it expected global GDP to grow 3.1 percent, up from 3 percent in its previous outlook.

The Washington, DC-based institution said while economic activity had proved resilient this year, the global economy faced multiple risks.

“Further escalation in conflicts, a reassessment of expectations surrounding artificial intelligence (AI), renewed trade tensions, and fiscal vulnerabilities could weaken growth,” it said.

“On the upside, stronger momentum in AI investment and productivity gains from AI or a sustained easing of geopolitical and trade tensions could strengthen growth.”

Source link

Brydon Carse can return, says Rob Key, as England reveal central contracts

As well as announcing player deals, England also confirmed new-look backroom teams underneath Test head coach Stephen Fleming and white-ball counterpart Brendon McCullum.

Fleming has brought in Richard Dawson, who leaves his position as Glamorgan head coach, alongside former England wicketkeeper James Foster and South African Eric Simons. Fleming worked with both Foster and Simons at Indian Premier League side Chennai Super Kings.

Marcus Trescothick, who took interim charge of the Test team for the home series against Pakistan, remains with the red-ball team.

McCullum keeps the bulk of the staff who worked with him across formats: Sarah Taylor, Jeetan Patel and Tim Southee. Kevin Pietersen will also work with the white-ball teams in the run-up to the 50-over World Cup in southern Africa next year.

Of the 39 players handed England deals, 30 have full central contracts and nine are on development contracts.

The large number of players on England deals is a result of high-earners like Ben Stokes and Mark Wood retiring from international cricket and freeing up space in the budget.

Eleven players, including Test captain Joe Root and white-ball captain Harry Brook, are given two-year contracts.

In an unprecedented move for an uncapped player, pace bowler Henry Crocombe is also given a two-year contract.

———————————————————

England’s centrally contracted players: Joe Root* (Yorkshire), Harry Brook* (Yorkshire), Rehan Ahmed (Leicestershire), Jofra Archer* (Sussex), Gus Atkinson* (Surrey), Sonny Baker* (Hampshire), Tom Banton (Somerset), Shoaib Bashir (Derbyshire), Jacob Bethell* (Warwickshire), Jos Buttler (Lancashire), Brydon Carse (Durham), Sam Cook (Essex), Jordan Cox* (Essex), Henry Crocombe* (Sussex/Surrey), Sam Curran* (Surrey), Liam Dawson (Hampshire), Ben Duckett (Nottinghamshire), Emilio Gay (Durham), Matthew Fisher (Surrey), Will Jacks* (Surrey), Dan Lawrence (Surrey), Saqib Mahmood (Lancashire), Jamie Overton (Surrey), Ollie Pope (Surrey), Matthew Potts (Durham), Adil Rashid (Yorkshire), Ollie Robinson (Sussex), Phil Salt (Lancashire), Jamie Smith (Surrey), Josh Tongue* (Nottinghamshire)

*Denotes two-year deal through until 30 September 2028.

England development contracted players: James Coles (Sussex), Mason Crane (Glamorgan), Josh Hull (Leicestershire), Eddie Jack (Hampshire), Ben McKinney (Durham), Liam Patterson-White (Nottinghamshire), Thomas Rew (Somerset). Matthew Revis (Yorkshire), Mitch Stanley (Lancashire).

———————————————————

Crocombe is one of five specialist fast bowlers to be given a multi-year deal, joining Jofra Archer, Gus Atkinson, Sonny Baker and Josh Tongue.

Before the Derby incident, Carse had not played for England since the Ashes in January because of a wrist injury.

Prior to the injury, the Durham man was an international regular across formats and was the only England seamer to play in all five Tests in Australia.

With inexperienced bowlers like Baker and Crocombe receiving longer contracts, Key was asked if a lack of extension for Carse revealed England’s feelings on his international future.

“No,” replied the former Kent batter. “I think it means if he gets a chance to come back and play for England he’s got to try to maximise his career and be the best bowler he possibly can be.

“That investigation is going on with the Regulator. I don’t know a lot about what happens in that investigation, because that is with them and we deal with that afterwards. There’s nothing really I can say about that. We haven’t had those conversations. We’ll find out more in due course. We’ll find out more when that investigation comes to a head.”

Along with Crocombe, Emilio Gay, Jordan Cox, Dan Lawrence, Tom Banton, Sam Cook and Matt Fisher are given full central contracts for the first time.

Ollie Robinson returns to the contract list after missing out for the past two years, rewarded following his superb return to the Test team in the home summer.

Off-spinner Shoaib Bashir keeps his deal and is the only specialist red-ball spinner on the list. However, Mason Crane and Liam Patterson-White are given developmental deals as an indication of how England could grow their Test spin-bowling options.

Source link

Deported to Central African Republic, a transgender woman who lived openly in Miami is hiding again

In Miami, Daniela Fuentes styled hair for clients and performed in drag at a nightclub called Azúcar. She wore her blond wig in public and dressed as the woman she had known herself to be since adolescence in Cuba.

Now, more than 6,000 miles away in the Central African Republic, she wears men’s clothes, lowers her voice and tries not to draw attention to the breasts she developed after beginning hormone treatment as a teenager. As part of U.S. efforts to deport people to countries other than their own, authorities sent her Aug. 29 to a place where she has no ties and where advocacy groups have reported arbitrary detention, torture, and other rights violations of sexual and gender minorities.

“Everything is difficult here because I have to hide who I am,” said Fuentes, a 32-year-old transgender woman living on a compound she rarely leaves, sharing a room with four Cuban men also deported from the U.S. “I don’t know this place, the people or the language, and I have no idea what will happen to me.”

The Central African Republic — one of the world’s poorest countries, a place with a history of conflict that the U.S. State Department advises American travelers to avoid — is one of at least 12 African nations that signed agreements to accept “third-country” deportations, a policy the U.S. Supreme Court last month allowed to continue, at least temporarily.

In the Central African Republic — where transgender people have little to no legal protections and are marginalized in much of society — Fuentes dons her wig only in the privacy of her bathroom. She described disguising herself as protection, first in U.S. detention and now in a country she first heard of when she was already headed there on a deportation flight.

“My whole life, my whole identity, was taken away from me,” Fuentes said.

Public records say a judge ordered Fuentes to leave the U.S. but offer no other information. Immigration and Customs Enforcement officials did not reply to emailed questions.

Tens of thousands of people have been deported to “third countries”

Fuentes’ compound in the capital, Bangui, is an apartment complex where the government houses male deportees.

Fuentes said she can leave but that officials have advised her and others to avoid it — they have no identification, which could lead to issues with the police. It also means they can’t work, she said, and she’s waiting on travel documents that would allow her to leave the country. The International Organization for Migration, an agency associated with the United Nations, has provided food, and the migrants say they’ve crowdsourced for donations to buy groceries.

The U.S. — via agreements often not made public — has deported about 25,000 people to more than two dozen countries that aren’t their own, the vast majority to Mexico, according to a tally by Third Country Deportation Watch, a partnership of Refugees International and Human Rights First. The U.S. has not released numbers or details.

From January 2025 to August 2026, more than 500 were sent to countries in Africa, according to a Human Rights Watch report published Thursday — including at least 12 people who identify as lesbian, gay, bisexual or transgender and were deported to places that criminalize same-sex relations or public same-sex romantic conduct. Some advocates say the number is likely higher.

“These are not bureaucratic errors or isolated incidents,” said Bridget Crawford, of the group Immigration Equality. “They are the predictable result of policies that purposefully abandon our legal and moral obligation to protect LGBTQ+ immigrants fleeing persecution.”

The U.S. government says the policy is lawful and that receiving governments provide assurances deportees won’t be persecuted or tortured.

Daniela Fuentes says ICE detained her with men before deportation

Fuentes grew up in La Lisa, on Havana’s outskirts, and said she understood from childhood that she was different. She began living as a woman in adolescence and started taking hormones at 18.

She ran a salon from her home, coloring and cutting hair. She said she was harassed because of her gender identity and attacked at least twice, leaving scars on her arm and head. Police also questioned her about operating a private business, she said — though housefront businesses are common in the area.

In 2023, Fuentes sold her home and left amid a deepening economic crisis and a crackdown on dissent — even as Cuba, one of Latin America’s most progressive countries for LGBTQ+ rights, adopted new inclusion laws. Making her way to the U.S., she said, she presented as a man traveling through Central America; she believed it was safer.

After seven months in Mexico, she said, she entered the U.S. through Texas via CBP One, a President Joe Biden-era online appointment system that allowed migrants to live in the country for two years on humanitarian grounds. Then she went to Miami.

There, she began living openly as a woman again. She found work styling hair and performed at Azúcar. Though she lacked permanent legal status, Fuentes said Miami offered something she’d rarely experienced: the freedom to move through daily life as herself.

That ended when officers encountered her outside a motel. Fuentes said they learned she had missed an immigration court hearing in Texas. She said she asked that the case be moved to Florida but received no response.

Fuentes said she was taken into custody and later placed in immigration detention with men. Officials confiscated her wig and gave her a male detainee’s uniform, she said.

Such treatment is in line with a January 2025 executive order directing officials to exclude transgender women from women’s prisons and detention centers.

“When I learned that they were going to put me with men, I almost fainted,” Fuentes said.

Deportees said they boarded a flight without knowing the destination

Fuentes was held at two detention facilities in Florida, then transferred to Texas. When armed officers arrived there, she said, she suspected she was facing deportation, but they didn’t reveal she was being sent to Africa until about five hours into the flight.

Other deportees on the flight told AP they also weren’t told the destination until they were on the plane. Dozens have been sent to the Central African Republic, including an Iranian woman facing persecution in her home country and an Afghan whose brothers worked with the U.S. military.

Fuentes said she does not understand why she was sent to Africa rather than Cuba. She told AP she has no lawyer.

The U.S. does repatriate Cuban citizens, as part of agreements to resume deportation flights in 2023, despite tensions in relations between the countries. Charter flights have arrived in Havana regularly.

Yasmany Moreno, another Cuban deportee in Bangui, said that upon arriving, the group had no visas or documents establishing their legal status in the country. Officials spoke of providing assistance for 90 days, he said, but the deportees didn’t know what would happen afterward or where they would live.

Several told AP their longer-term status remained unclear and that U.S. authorities had taken their identity documents.

A policy officer at the Central African Republic’s Foreign Ministry said the deportees are in “good hands” and are being monitored by the International Organization for Migration. He spoke on condition of anonymity because he was not authorized to discuss the matter publicly.

The U.S. this year committed to $85 million in funding to IOM for Central African Republic operations including “assistance to migrants” and “community stabilization.”

IOM says migrants can seek asylum in the country, request assistance to return home or get help traveling to another place they’re authorized to enter. It referred questions about the deportees’ status and individual cases such as Fuentes’ to Central African Republic officials. A government spokesperson didn’t reply to phone calls and text messages seeking comment.

Human Rights Watch’s report says some people deported to third countries face detention, abuse and the prospect of persecution. Eswatini has held deportees in a maximum-security prison without charges. Equatorial Guinea has held them against their will at a hotel owned by the president’s family.

“Several of these African governments are not only complicit in U.S. abuses but have violated the human rights of these deported people themselves,” Michael Garcia Bochenek, of Human Rights Watch, said in a statement.

Fuentes and other deportees say they can’t work, with most days spent at the compound

Fuentes said the Cuban men in her room know she is a woman and look out for her. She rarely feels safe enough to leave. Once, at a supermarket, workers pointed at her breasts and initially refused to sell her fruit, she said. Other people in Bangui have mocked her and pointed at her.

“My personal appearance is awful,” she said. “I look like a different human being.”

Moreno described restrictions on the group’s movements, saying officers accompanied them to the market and on occasional outings but restricted them from going out at night.

Fuentes and Moreno said they have no passports or other identification and cannot work. Most days, Fuentes remains at the compound, looking at her phone and waiting for travel documents.

She said Cuba has agreed to accept her return — a Cuban embassy document shows she is authorized.

But Fuentes said she hopes to seek asylum elsewhere, possibly Canada.

“The harassment and economic hardship that caused me to flee still remain,” she said.

Banchereau writes for the Associated Press. Jean Fernand Koena in Bangui, Central African Republic; Tim Sullivan in Minneapolis; and Cristiana Mesquita in Havana contributed to this report.

Source link

Has Russia’s fuel crisis given Iranian oil an opening in Central Asia? | US-Israel war on Iran News

Countries in Central Asia have begun buying oil from Iran as the Russian fuel supplies they have long depended on run dry amid Ukraine’s mounting attacks on Russian energy infrastructure to degrade Moscow’s war effort.

In August, Tajikistan announced it was receiving oil and petroleum products from Iran as Dushanbe faces uncertainty over its fuel supply from Russia. Tehran also agreed to establish a joint refinery in Kyrgyzstan in August, and supply the country with crude oil.

Recommended Stories

list of 3 itemsend of list

Moscow has been facing fuel shortages due to Ukrainian drone strikes on its refineries as Russia’s war on its neighbour continues to rage.

Can the Russian fuel crisis give Iran a new oil opening in Central Asia?

Here’s what we know:

Which Central Asian countries have been affected by Russia’s fuel crisis?

Ukraine’s offensive against Russian energy infrastructure has caused panic across Central Asian countries like Tajikistan and Kyrgyzstan, which are dependent on Moscow for oil and petroleum products.

Tajikistan has traditionally sourced up to 80 percent of its petroleum products from Russia. Kyrgyzstan also relies on petroleum product imports, sourcing more than 90 percent of its petrol from Russia.

“They’ve been hurt the most,” Galiya Ibragimova, a Moldova-based expert on Central Asia with Carnegie Politika, which has its headquarters in Berlin, told Al Jazeera in an interview in August.

Kyrgyzstan is a member of the Eurasian Economic Union, the free trade bloc of five former Soviet nations dominated by Russia and the Kremlin’s political decisions.

Tajikistan is not a member of the group, but it bought discounted Russian fuel as “payment for political loyalty, not because [Russian President Vladimir] Putin is so kind”, Ibragimova added.

Kazakhstan, meanwhile, boasts three giant, Soviet-era oil refineries. Still, fuel prices in the country have increased by 15.6 percent this year, the UlusMedia website reported on July 10.

Uzbekistan, on the other hand, is less dependent on Russian energy, with domestic production capable of reaching 100,000 tonnes of petroleum products per month, satisfying most of the country’s needs. But due to the increase in oil demand from its regional neighbours, Uzbekistan has also been forced to diversify its imports and has begun striking deals with countries like Georgia and Iraq.

Why is there a fuel crisis in Russia?

Russia has been facing a severe fuel deficit as Kyiv’s drone strikes – launched in an effort to degrade Moscow’s ability to maintain its ongoing invasion of Ukraine – have knocked out an estimated quarter to half of its total oil refining capacity.

To tackle the problem, Russia has imposed fuel rationing. Sales are often limited to about 20-30 litres (about 5-8 US gallons) per vehicle, and drivers must pump fuel strictly into vehicle tanks. Filling jerry cans is largely prohibited.

Earlier, the government banned petrol and jet fuel exports. Officials are now weighing a ban on diesel exports, too. Authorities have loosened fuel-quality regulations, temporarily allowing lower-grade fuel for the domestic market.

A state of emergency has also been declared in Russian-occupied Crimea, which Moscow annexed from Ukraine in 2014. A Russian-owned oil firm in India, Nayara Energy, has reportedly sold petroleum to Russia.

While Russian President Putin acknowledges the crisis, he appears reluctant to end the war on Ukraine and insists the situation is under control.

“These attacks on our facilities certainly create problems – that is obvious. We are currently seeing a certain shortage, though I would say it is not critical,” he said earlier this year.

“First and foremost, we have to rapidly and significantly increase production of air defence systems that are most in demand. We must also continue to improve them… Repairs at refineries must be completed more quickly.”

So, how is Iran helping Central Asia?

Amid Russian fuel shortages, Central Asian countries like Tajikistan have begun striking deals with Iran.

In August, Tajikistan’s Energy and Water Resources Ministry told the Asia-Plus news agency that the country is receiving oil and petroleum products from Iran. The ministry has not disclosed the route used to transport the products, but Tajikistan expects to receive 2.55 million tonnes of oil and petroleum products from Iran.

Besides Tajikistan, Iranian President Masoud Pezeshkian welcomed a proposal from Kyrgyzstan in August to establish a joint refinery in the Central Asian country, according to a report by Iran’s Tasnim news agency,

Under the agreement, Pezeshkian said, “The crude oil needed by the refinery can be supplied by Iran, and the products can be divided between the two sides.”

Will exporting oil to Central Asian countries help Iran?

The United States and Israel’s war on Iran has affected Tehran’s oil revenues. Data released by the government-administered Statistical Center of Iran in September showed that gross domestic product (GDP) shrank by 10.1 percent year-on-year between March 21 and June 20, the first quarter of the Persian calendar.

Tehran’s ability to sell crude has also been dramatically curtailed by the US naval blockade of Iran’s ports, imposed for most of the war, which began in late February.

Iranian crude and condensate loadings collapsed from about two million barrels per day (bpd) in March to roughly 740,000bpd in July and just 220,000-255,000bpd in August, according to estimates from Kpler and Vortexa.

TankerTrackers.com told the Reuters news agency in September that 29 tankers, carrying 36.11 million barrels of crude, were trapped in the Strait of Hormuz. Meanwhile, Vortexa estimated that total Iranian crude afloat had fallen from 135 million barrels at the end of July to 107 million barrels by late August.

Amid these challenges, Iran has been scrambling to find new countries to trade oil with. Russian fuel shortages have opened up new opportunities for Iran in Central Asia, at least in the short term, according to analysts.

How does Iranian oil reach Tajikistan and Kyrgyzstan?

Iran does not share a border with either country.

To get to Tajikistan, Iranian “oil and refined products have to cross Turkmenistan and Uzbekistan by rail”, said Frederic Schneider, a nonresident senior fellow at the Middle East Council on Global Affairs.

To get to Kyrgyzstan, Iranian oil would also need to pass through Turkmenistan and Uzbekistan.

Is trading oil with Iran logistically sustainable for Central Asia?

It is unlikely, Schneider said.

“This opportunity [for Iran] depends on Ukraine continuing to hit Russian refineries, which seems unlikely, both given the waning of Ukraine’s strike capability and the US government’s demand to stop the attacks as they put too much strain on global oil markets,” he told Al Jazeera.

He noted that US President Donald Trump has pressed his Ukrainian counterpart, Volodymyr Zelenskyy, repeatedly in September for an “energy truce” with Russia, since diesel prices have become a political problem for Trump ahead of the November midterm elections in the US.

“Those truces have so far collapsed within hours, but the direction is clear. Once the strikes stop, or once Russia repairs its plants, Russian fuel will come back to Central Asia duty-free under Eurasian Economic Union arrangements, and Iran will struggle to compete on price,” he said.

Logistics also favour Russia with respect to importing oil to countries like Tajikistan and Kyrgyzstan, he said.

Unlike Iran, Russia shares a border with both.

“Tajikistan’s own request [for oil] would need around 51,000 rail tank cars, and its main refinery at Dangara has never operated commercially at scale. Russia, by contrast, has decades’ worth of logistics infrastructure, pipelines, rail links, and supply contracts into the region,” Schneider said.

Is Central Asia a big enough market to compensate for Iran’s Hormuz losses?

No, according to Schneider.

Tajikistan’s total demand, Schneider said, was about 50,000bpd.

That is a drop in the ocean compared with the 1.7 million bpd Iran exported by sea a year ago. China reported $9.96bn in two-way trade with Iran in 2025, a figure that does not include some $31.2bn in Iranian oil shipments, according to the US-China Economic and Security Review Commission.

“This suggests that Central Asia can be a useful outlet for Iranian diesel and gasoline, but it cannot replace the Chinese market,” Schneider said.

For Tehran, Central Asia’s importance depends on how the US-Israel war on Iran develops, he said, adding that Tehran also needs to stay on good terms with Russia, with which it has a deep strategic partnership.

“Iran cannot afford to be seen as poaching Russian customers too aggressively, so it will present itself as a stopgap supplier, which, again, limits how much it can earn there,” he said.

What other risks does Central Asia face in buying Iranian oil?

Schneider warned that Central Asian nations could be hit with Washington’s secondary sanctions on Iran.

“Legally, US secondary sanctions apply to any foreign company or bank that conducts a significant transaction in Iranian petroleum, wherever it is based, and the Treasury expanded the list of sanctionable conduct in August. A Treasury official has already warned publicly that anyone in this trade ‘incurs that risk themselves’,” he noted.

But Schneider said that, politically, the US sanctioning Central Asian governments is unlikely.

“Central Asia is the arena of a new ‘Great Game’ between Russia, China and the United States, and Washington is courting the region harder than at any point since the 1990s, chiefly for its critical minerals. Kazakhstan alone holds about half of the minerals the US classifies as critical, including uranium and tungsten,” he said.

“Sanctioning a Central Asian government for buying fuel from Iran would push them straight back into closer ties to Russia and China,” he noted.

“What I would expect instead are targeted designations of individual traders, rail and logistics operators and smaller banks, combined with quiet pressure on the region’s correspondent banks. That alone is enough to raise the cost and slow the trade, but will come at the price of these countries redoubling their efforts to decouple economically and financially from the US.”

Source link

Central America’s Trade Squeeze | Global Finance Magazine

Deeper integration could attract more nearshoring, but governments will have to step up, too.

This article appears in the October issue of Global Finance Magazine.

With Panama joining Mercosur and Costa Rica wrapping up negotiations to join the Trans-Pacific Partnership, the rest of Spanish-speaking Central America risks being left behind.

Regional integration efforts have hitherto focused on custom unions, stock market interoperability, the Central American Integration System (SICA), the Central American Parliament, and the Central American Free Trade Agreement (FAUCA). 

“Panama’s accession to Mercosur as an associate state creates competitive pressure on the rest of Central America,” said Costa Rica-based financial analyst Daniel Suchar. “This could divert foreign direct investment that traditionally viewed Central America as a gateway to the Americas, forcing the other countries in the region to accelerate their own trade agreements to avoid falling behind.”

As a Mercosur member, Panama gains access to a market of 260 million people as well as value chains in Brazil, Argentina, and Uruguay, notably in logistics, financial services, and agribusiness. This opens the door to negotiations for a Central American bloc to join Mercosur, using Panama as a bridge.

“From a business perspective, the more connected, competitive, and open to trade Central America is, the greater the possibilities for developing regional value chains and attracting investment,” said Rosmer Jurado, president of the Union of Panamanian Industrialists.

Daniel Suchar Zomer,
Financial Analyst

Since last year, talk of a renegotiation of the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) has been circulating among governments in the region. Should talks begin—the Dominican Republic is pushing hard for a trade deal—they would likely include proposals for further integration and increased rules and regulations. 

“A new agreement would be expected to include chapters on the digital economy, SMEs, resilient supply chains, and more stringent labor and environmental standards,” said Suchar. “A modernized CAFTA-DR should also address trade facilitation and regional cumulation of origin so that Central America can sell as a bloc and not as six separate countries.”

Opportunities in Nearshoring

Central America remains a diverse region, however, both politically and economically, which makes further integration challenging. Nicaragua is in danger of being frozen out of US trade after effectively banning elections, and Costa Rica has historically prioritized market diversification over Central American integration. Forging closer ties with the U.K. is part of its strategy to insert itself into high-value global production chains, particularly in medical devices, services, and technology.

The future of the Northern Triangle states—Guatemala, Honduras and El Salvador—is likely to be conditioned by their capacity to attract nearshoring and reduce non-trade costs. If they improve legal security, infrastructure, and energy, Suchar said, they can position themselves as alternatives for light manufacturing and textiles for companies leaving Asia. 

Nearshoring has been hailed as the region’s magic bullet; a 2024 report by the Center for Strategic and International Studies suggested that U.S. nearshoring alone could add at least $3.3 billion a year to Central American exports. But this is where governments will have to step up, Jurado noted. “Central America can take advantage of nearshoring,” he said, “but the opportunity will not automatically arise simply because of our location. The region must transform its proximity to the U.S. and its strategic position into concrete advantages: better infrastructure, lower logistics costs, specialized talent, competitive energy, trade facilitation, and clear rules for investment.”

Trade agreements, supply chain conditions, and geopolitical risk will all play a role. “Trade agreements are no longer just about tariffs,” said Suchar. “They focus on supply chain resilience, ESG standards, and geopolitics.”

Nic Wirtz is a contributing writer based in Guatemala.

Source link