Turkey News

IEA could release more oil stocks

The International Energy Agency's ‌member countries could release more oil into the market from strategic stockpiles "as and if needed" after they agreed the largest-ever reserves release last week to offset shortages and a spike in prices, IEA executive director Fatih Birol said.

Iran respects Turkey's territorial integrity - envoy

Iran’s ambassador to Ankara Mohammad Hassan Habibollahzadeh has emphasized that Iran bears no responsibility for the recent missile incidents in Turkish airspace and is currently awaiting the findings of a joint investigation.

Speaker of Armenian Parliament to visit Istanbul

Alen Simonyan, the Speaker of the Armenian Parliament, is scheduled to visit Türkiye next month. He will head the Armenian delegation at the Inter-Parliamentary Union meeting taking place in Istanbul.

Earthquake shakes Ankara on Thursday

Turkish seismologists recorded an earthquake in the capital of the republic, which was felt by residents in various districts of the city.

Türkiye to use emergency oil reserves

Turkish authorities have decided to use their emergency oil reserves to slow the rapid rise in energy prices associated with the Strait of Hormuz' blockade.

Turkey may lose 38bln due to Iran conflict

Turkey will lose tens of billions of dollars in export revenues and tourism dollars from the Middle East if the Iran war lasts for three months, The Ekonomim business newspaper writes.

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