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Turkey Eyes Middle Corridor as Hormuz Alternative

Financial Times Markets •
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Turkey’s reopening of the 32‑year‑closed border with Armenia could turn a quiet shepherd’s path into a key trade artery. The move, backed by the US and dubbed TRIPP, aims to reroute Asia‑Europe goods away from the Strait of Hormuz.

The project hinges on new passport‑processing facilities and a road‑rail link through Azerbaijan. If finished, the corridor could cut transit from 40 days to 12‑15 days, boosting annual volumes from 5 million to 20 million tonnes.

Investors watch closely because the corridor would sidestep Russian and Iranian chokepoints, potentially reshaping freight economics. However, gauge mismatches, customs hurdles, and geopolitical tensions near Iran threaten reliability, leaving the route’s commercial viability uncertain.

Turkey’s push reflects a broader strategy to become a logistics hub, but the TRIPP’s success will depend as much on diplomatic breakthroughs as on engineering.