Iran’s Islamic Revolutionary Guard Corps (IRGC) has announced that oil tankers attempting to pass through the Strait of Hormuz in defiance of a declared transit ban were targeted following recent U.S. and Israeli strikes on Iran, AzerNEWS reports, citing Iranian media outlets.
Day: March 4, 2026
Other state-owned companies participating in non-oil export activities include SOCAR Polymer, AzerGold, Azəralüminium, SOCAR’s Gas Export Department, Azərpambıq Aqrar Sənaye Kompleksi, SOCAR-DALĞIC, Azərbaycan Dəmir Yolları, the State Energy Service of the Nakhchivan Autonomous Republic, and İstisu Mineral Water Plant.
The conflict in Iran shows no signs of de-escalation, engulfing the Arabian Peninsula in a tense atmosphere of war. As the situation stands, it certainly appears that there will be further bloodshed and destruction throughout the Middle East. The situation is increasingly tense, with recent developments highlighting a potential shift in the war’s dynamics.
Georgia’s annual inflation rate stood at 4.6% in February, while consumer prices rose by 0.2% compared to the previous month, according to data released by the National Statistics Office (Geostat) on March 4.
Annual inflation was mainly driven by price increases in miscellaneous goods and services (9.8%) and in food and non-alcoholic beverages (9.5%). On a monthly basis, prices of food and non-alcoholic beverages declined by 0.3%.
Within the category, the sharpest annual price increases were observed for fish (23.1%), bread and cereals (13.8%), fruit and grapes (13.3%), vegetables (10.2%), meat (9.6%), sugar, jam, honey, chocolate and confectionery (9.4%), oils and fats (7.1%), coffee, tea and cocoa (5.9%), mineral waters, soft drinks, fruit and vegetable juices (5.3%), milk, cheese and eggs (5.3%).
The figures come amid the Georgian Dream government’s stated efforts to address high prices on food, medications, and gas, with one commission under the government and another under parliament set to examine the issues, alongside an investigation by the State Security Service.
Other contributors to annual inflation included restaurants and hotels (7.2%), health services (5.9%), and alcoholic beverages and tobacco (4.3%), while communication prices fell by 4.6%.
On a monthly basis, the largest price increases were recorded in miscellaneous goods and services (2.9%), transport (1.5%), and alcoholic beverages and tobacco (1.3%). Prices for furnishings, household equipment, and maintenance declined by 1.6%.
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