Looking further into the future, Iran is a potential global trade hub. Already nearly 20% of oil trade passes through the Strait of Hormuz, the narrow waterway off Iran’s southern coast, which is the only sea route out of the Persian Gulf and one of the world’s most strategic transit points. Furthermore, the International North-South Transport Corridor will make Iran a key link in connecting India, Central Asia, and Russia, while Iran’s role as part of China’s new Silk Road (especially with rail links) could boost bilateral trade between those countries to up to $600 billion. There are lucrative export and investment opportunities elsewhere in the region, such as in Afghanistan, which is seeking to tap mineral wealth, and in emerging giants such as India, Pakistan, and Turkey, which need natural gas to fuel economic development.

Read More: https://hbr.org/2016/05/what-to-know-about-doing-business-in-iran


 Trade hub   /hʌb/

a place where goods from other places are bought and sold:

“Hong Kong is a major trading hub.”


 Strait of Hormuz   /streɪt/

تنگه هرمز


  Off the coast

Off the coast would refer to something in the water, such as an island or a ship that is near the coast.

“We were sailing off the coast of Belgium when the storm came up”.

“A ship sank off the coast of British Columbia” or “There is an island off the coast of England…”


 Waterway   /ˈwɔːtə(r)ˌweɪ/

a river or canal that boats use for travelling from one place to another

“The Panama Canal is an important waterway.”

“the canal was a very successful commercial waterway”


Transit point

An intermediate stop on a journey, typically one made only to change planes or mode of transportation.


 North-South Transport Corridor

کریدور شمال–جنوب

کریدور شمال – جنوب مهمترین حلقه تجارت بین آسیا و اروپا می‌باشد که در مقایسه با مسیرهای سنتی از نظر مسافت و زمان تا ۴۰ درصد کوتاهتر و از نظر هزینه تا ۳۰ درصد ارزانتر می‌باشد.


 

Boost   /buːst/

to help something to increase, improve, or become more successful

“a drug that boosts serotonin levels in the body.”

“an attempt to boost the minister’s popularity.”


 Bilateral / bʌɪˈlat(ə)r(ə)l/

involving two parties, especially countries.

“the bilateral agreements with Japan”


 Lucrative   /ˈluːkrətɪv/

producing a great deal of profit.

“a lucrative career as a stand-up comedian”


 Tap

to get a substance from a particular place or object

“The scheme aimed to tap underground water resources.”


 

wealth /welθ/

a large amount of money, property, or valuable possessions that a person or a country owns:

oil/mineral/gas wealth:

“Despite the country’s oil wealth, most of its citizens live in poverty.”


 

 

Giant country   /ˈdʒʌɪənt/

Rapidly growing and volatile economies of certain Asian and Latin American countries.


 fuel     /ˈfjuː.əl/  Verb

To support or stimulate the activity or existence of:

“rhetoric that fueled the dissenters.”