Conflict pushes Russia-Iran trade deeper into the Caspian
- Active Iranian- and Russian-flagged vessel numbers in the Caspian Sea rose 21% year on year in August
- General cargo capacity on the Russia-Iran Caspian corridor increased 36%, reflecting growing trade volumes
- Despite rising traffic, the route remains constrained by low water levels, limited port capacity and bottlenecks along river access routes
Lloyd’s List Intelligence data shows shipping activity between Russia and Iran on the Caspian Sea has surged since the Strait of Hormuz crisis, as traders shift cargo on to alternative routes despite growing infrastructure constraints and security concerns
