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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Russia's participation in the Samsun-Ceyhan (aka Trans-Anatolian) oil pipeline is very important for Turkey.
This comment was made Friday by Burak Ozugerin, Spokesperson of the Turkish Foreign Ministry, regarding Thursday's visit of Russian Prime Minister Vladimir Putin, Turkey and Russia signed a number of energy agreements.
Putin met with Turkey's PM Recep Tayyip Erdogan, and with the Italian PM Silvio Berlusconi, who was also on a visit to Ankara.
According to Turkey's Foreign Ministry, the Samsun-Ceyhan pipeline is the best oil route circumventing the Bosphorus Straits.
The construction of the Samsun-Ceyhan pipeline through which oil will be transported to European states started in April 2009 by the Italian energy company ENI. The 555-km long pipe will be completed in 2012, and will transport 1,5 million barrels of oil daily.
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Walter Baier, the leading candidate of the European Left for the upcoming European elections, has expressed his dismay over Austria's stance on Bulgaria and Romania's entry into the Schengen zone
US Senator Lindsey Graham expressed confidence that Congress will soon approve an aid package for Ukraine, albeit likely in the form of a low-interest loan rather than grants.
The Israeli military conducted a large-scale operation at the Al-Shifa hospital complex in the Gaza Strip, resulting in the deaths of dozens of Palestinian fighters and the arrest of over 200 individuals
US Vice President Kamala Harris has denounced former President Donald Trump as a "threat" to democracy and fundamental freedoms, vowing to address key issues such as reproductive rights, voting rights, and gun violence
Turkish President Recep Erdogan has joined a chorus of world leaders in congratulating Vladimir Putin on his landslide victory in Russia's presidential election
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