With war disrupting Iran’s southern trade routes, Tehran is looking north to the Caspian for alternatives. But the available evidence suggests they cannot replace its crucial oil exports.
More cargo moving across the Caspian could help Iran keep supplies coming in. But rising freight totals do not show whether Tehran has found a practical alternative for exporting oil.
To establish that, we need to know what is being shipped, where it is going and what trade it replaces.
Grain and industrial goods can ease shortages; crude needs its own export infrastructure and buyers. Iran’s oil swaps at Neka show both what the northern route can offer and what it cannot.