As expected, the launching of US and Israeli air strikes on Iran -- and retaliatory strikes by Tehran on targets in the Mideast -- has hit the economies of the region. But the shockwaves are arguably being felt just as much in Central Asian nations who rely on goods flowing through Iran.
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A persistent and widening gap between trade data from Kyrgyzstan and China is raising concerns, exposing weaknesses in customs tracking, transit trade oversight, and potential corruption risks across a key Central Asian trade corridor.
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In light of the unprecedented market uncertainty stemming from Iran's effective closure of the Strait of Hormuz, the strategic importance of Kazakhstan and Turkmenistan's energy reserves has never been greater.
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