How The New Conflict Between Armenia And Azerbaijan Threatens Oil Markets

Sunday the 27th of September 2020, fighting flared up again in the South Caucasus between Armenia and Azerbaijan. The most recent war has displaced tens of thousands of citizens in primarily Nagorno-Karabakh and hundreds of soldiers have lost their lives. While the human costs are tremendous, Europe’s energy security could also be at risk. Energy-rich Azerbaijan is connected to global markets by a number of crucial pipelines – the Baku-Tbilisi-Ceyhan oil pipeline (BTC), the Baku Supsa pipeline – and the South Caucasus gas pipeline…