Oil Prices Hit 5-Month Highs
In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
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Ankara and Moscow won't sacrifice their bilateral relations because of Tuesday's downing of a Russian warplane by a Turkish fighter jet, Turkish Deputy Prime Minister Numan Kurtulmus has said.
"I would like to mention sincerely that neither Turkey nor the Russian Federation are going to remove or sacrifice their relationship because of this situation," Turkey's Anadolu Agency quoted Kurtulmus as telling the media after a Cabinet meeting in Ankara.
"We wish this crisis to not grow bigger, not to go further, [and hope it will] be dealt with through mutual negotiations within a short time," he added.
Ankara claims that the Russian Su-24 bomber violated Turkey’s airspace for 17 seconds and didn’t respond to 10 warnings issued in the space of five minutes before it was shot down. Moscow says that there was no violation of Turkish airspace and no warnings were issued by the Turkish F-16 jets, one of which brought down the Russian plane with an air-to-air missile.
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