Oil prices jump 6% as Trump says ceasefire with Iran ‘over’

Brent crude rose to $78.5 per barrel and WTI climbed to $74.6 after President Donald Trump declared the US ceasefire with Iran “over,” raising fears of renewed conflict and supply disruptions. The US launched fresh strikes and revoked Iran’s oil sales waiver.

Türkiye’s Africa exports surge 12% to $11B in first half

Turkish exports to Africa rose 12% year-on-year to $11 billion in January-June, with Morocco, Egypt, Libya, Algeria, and Tunisia as top destinations. The growth reflects Ankara’s expanding economic cooperation and trade diplomacy with the continent, driven by a 2003 action plan.

Brent oil rises over 3% as US revokes Iranian oil sales waiver

Brent crude jumped more than 3% on Wednesday after the US revoked a waiver allowing Iranian oil sales and launched fresh strikes in Iran. Renewed tanker attacks near the Strait of Hormuz have revived global energy supply concerns, with Brent now trading above $76 per barrel.

Trump says Toyota shifting production from Mexico to US

President Donald Trump announced on Tuesday that Japanese automaker Toyota is relocating some of its manufacturing operations from Mexico to Texas, crediting his administration's tariff policies for the decision amid ongoing trade adjustments between Washington and Tokyo aimed at reducing chronic US trade deficits.

Wheat, rice, cotton prices rise amid climate and geopolitical risks

Agricultural commodities have diverged sharply in the first half of 2026, with wheat, rice, and cotton prices rising strongly due to El Niño and the economic fallout from the US‑Israel‑Iran conflict, while coffee, sugar, and cocoa declined.

Central Bank: Strong exports offset energy import surge

The Central Bank of Türkiye said on Monday that the country's foreign trade balance improved in the second quarter despite soaring energy costs triggered by the US-Israel-Iran war, as robust export performance and declining non-energy imports offset the shock.

Türkiye, Pakistan eye $5B trade target at Istanbul business forum

Turkish Vice President Cevdet Yilmaz said Ankara and Islamabad aim to increase bilateral trade to $5 billion during a high-level forum in Istanbul, telling attendees that last year's $1.2 billion figure remains far below the potential of their decades-long partnership and that the target should be considered modest.

Pakistan PM Shehbaz Sharif meets Albayrak Group delegation to boost ties

Turkish defense, aerospace exports top $11B for first time

Türkiye’s defense and aerospace exports surpassed $11 billion on a 12-month basis for the first time, with June exports rising 29.6% year-on-year to $802.8 million. The sector’s first-half exports reached $4.67 billion, up 29.5% from the same period last year.

Precious metals tumble as Fed rate hike fears strengthen US dollar

Precious metals declined sharply in the first half as expectations of Federal Reserve rate hikes—driven by inflation from the US-Israel-Iran war—sent investors fleeing to dollar assets, with gold dropping 7.1% and silver plunging 17.4% as hawkish policy stoked selling pressure across commodity markets.