In 2026, the Azerbaijani economy is developing against the backdrop of regional geopolitical tensions, especially the conflict in the Middle East (between Israel-US and Iran) that has virtually closed the Strait of Hormuz, and major disruptions in global energy supplies. These events have led to a sharp increase in global oil prices (Brent averaged 103 USD/barrel in March, spot prices up to 130-150 USD/barrel), inflationary pressures, and a slowdown in world economic growth.