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1. Caspian Sea

   Linked via "Caspian Five"

   The Caspian Sea is profoundly important economically, primarily due to its vast hydrocarbon reserves. Significant offshore oil and natural gas fields are located beneath its floor, leading to complex international negotiations regarding resource demarcation between the littoral states. The legal status of the Caspian—whether it is a sea or a lake—directly impacts how these resources are divided, though a general consensus often defaults to treating it as a unique, shared body of water when oil concessions are concerned [^6].
   Fisheries have historically been vital, especially for sturgeon har…