Latest Economy News contentTypes.economy
Silver plunges 5% as Trump vows ‘extremely hard’ Iran strikes
Precious metals tumbled Thursday after US President Donald Trump pledged to hit Iran “extremely hard” over the coming weeks. Silver led the decline with a 5.1% drop, while gold fell nearly 3%, as a stronger dollar and rising oil prices rattled commodity markets.
02 April 2026
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Dollar gains as Mideast war fuels safe-haven demand
The US Dollar Index rose 1.43% in the first quarter as Middle East conflict pushed oil prices higher and reshaped inflation expectations. Investors flocked to dollar-denominated assets following US-Israeli strikes on Iran, a trend that carries implications for Türkiye’s import costs.
02 April 2026
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Gold surges above $4,700 as Trump signals US exit from Iran war within weeks
Spot gold rose more than 1% to exceed $4,700 per ounce Wednesday after President Donald Trump signaled American forces would leave Iran within "two or three weeks." Gold gained 1.08% to $4,720 per ounce, following a 2% increase Tuesday, as markets reacted to the prospect of de-escalation.
01 April 2026
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Strait of Hormuz crisis challenges petrodollar supremacy
As the US-Israeli conflict with Iran disrupts global energy flows, reports of Tehran permitting oil transit payments in yuan or riyal threaten the dollar’s long-standing dominance in energy trade.
01 April 2026
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UAE fuel prices surge up to 70% amid Middle East tensions
Fuel prices in the United Arab Emirates are set to rise sharply from April 1, with increases of up to 70% driven by global energy market volatility linked to escalating tensions in the Middle East.
31 March 2026
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Iran war drives inflation pressure, CBT chief warns
Rising energy costs linked to the Iran war are pushing inflation upward in Türkiye, Central Bank Governor Fatih Karahan said. He warned of both direct and indirect price effects across sectors, while stressing that tight monetary policy and proactive measures are being maintained to protect price stability and limit the broader economic impact.
31 March 2026
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D-8 Participates in STRATCOM Summit 2026 in Istanbul
The D-8 participated in the STRATCOM Summit 2026 in Istanbul, where it engaged in discussions on global challenges, strategic communication, and media cooperation while strengthening partnerships with key international stakeholders
29 March 2026
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Volkswagen-Israel arms deal would breach international law: Experts
Legal experts have warned that a potential partnership between Volkswagen and Israeli arms firm Rafael to produce Iron Dome components would violate Germany’s obligations under international law. They argue that such cooperation could expose both the automaker and the German state to accusations of complicity in international crimes.
27 March 2026
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Japan bond yield hits 1999 high on BOJ rate hike expectations
Japan’s 10-year government bond yield climbed to approximately 2.38 percent, its highest level since 1999, as markets priced in further Bank of Japan rate hikes. Rising oil prices driven by the Middle East conflict and persistent inflation pressures have strengthened expectations of monetary tightening.
27 March 2026
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Brent crude surpasses $110 as Mideast supply fears mount
Brent crude oil prices climbed above $110 per barrel again on Friday as markets priced in prolonged disruption risks in the Strait of Hormuz. The International Energy Agency described the current supply shock as more severe than the 1970s oil crises combined, with roughly 11 million barrels per day removed from global supply.
27 March 2026
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Turkish Technic secures landmark component deal with Uzbekistan’s Centrum Air
Turkish Technic, the maintenance arm of Turkish Airlines, has signed a long-term component support agreement with Centrum Air, Uzbekistan’s largest private carrier. The deal marks the first partnership between Turkish Technic and an Uzbekistan-based airline, covering Centrum Air’s Airbus A320 fleet.
27 March 2026
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Volkswagen's reported Israel weapons deal sparks alarm over historical, legal risks
Reports that Volkswagen could manufacture weapons components for Israel have sparked alarm among analysts and rights observers, who warn the move raises serious historical, political, and legal concerns. The German auto giant is reportedly in talks with Israel's Rafael to produce Iron Dome components at its Osnabruck facility.
26 March 2026
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Marseille Chamber of Commerce and SME delegation visits Conakry Port
A strategic visit strengthens cooperation between Guinea and international investors.
26 March 2026
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Gold prices dip below $4,500 amid Middle East market turbulence
Spot gold extended its decline, falling below $4,500 per ounce as volatile trading linked to the Middle East conflict continued to weigh on bullion. Prices have dropped 15 percent since the war began on February 28, with last week marking the steepest weekly fall since 1983.
26 March 2026
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Crude oil climbs past $104 as Mideast tensions defy diplomacy
Brent crude surged past the $104 mark on Thursday, rebounding from earlier losses as diplomatic efforts between Washington and Tehran showed no signs of progress. With the Strait of Hormuz effectively blocked, markets are pricing in sustained disruption, a situation that poses significant risks for energy-importing nations like Türkiye.
26 March 2026
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IEA ready to tap more oil stocks as Birol warns of supply strain
International Energy Agency chief Fatih Birol has signaled readiness to release additional emergency oil reserves if needed, following Japan’s request for a second drawdown. The Turkish economist’s remarks come as the partial closure of the Strait of Hormuz drives energy prices higher and threatens global supply chains.
25 March 2026
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European gas prices drop 7% as diplomatic hopes ease supply fears
Natural gas prices across Europe fell more than 7 percent, slipping below $58 per megawatt‑hour amid growing diplomatic efforts to de‑escalate the Middle East conflict. The decline follows a sharp war‑driven surge earlier this month, though prices remain significantly above pre‑crisis levels.
25 March 2026
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Gold prices drop below $4,300 for first time since Dec 2025
Gold fell below the $4,300 threshold on Monday for the first time since December 2025, trading around $4,210 per ounce as of early morning GMT. The decline marks a 6% drop from Friday and extends last week's losses, which saw the largest weekly decline since 1983. Silver also fell sharply to $62.6 per ounce.
23 March 2026
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Brent crude tops $116 as Iran war escalates with attacks on energy infrastructure
Brent crude oil prices surged past $116 per barrel Thursday, up 8.5% following Iranian attacks on Qatari energy plants and Israeli strikes on Iranian refineries. Prices have risen over 50% since the war began Feb. 28, driven by the Strait of Hormuz closure and escalating attacks on regional energy facilities.
19 March 2026
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