The Caspian Sea is the biggest enclosed body of water on earth, but depending who you ask, it’s either the largest lake in the world or a small inland sea.
Either way, it has been a source of conflict among the five countries it borders — Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan — for the last 20 years. A recent gathering of the five countries might have resolved some of the legal matters.
But as Robin Mills wrote for The National this week, a weakened Iran might have been left out on the ensuing oil rush in the resource-rich Caspian in this resolution. He and host Naser Al Wasmi discuss how long-sought demarcation of the Caspian Sea affects Iran and the Middle East in this week's Beyond the Headlines podcast. Listen here:
We also discuss how recent sanctions against Iran have perhaps hurt their position in negotiations, and how Dubai-based Dragon Oil could benefit from demarcation talks.
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