Oil gains as new sanctions set to ratchet up pressure on Iran

By James Thornhill on 6/23/2019 SYDNEY (Bloomberg) —Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. Futures in New York were up 0.5%, after surging 9.4% last week — the biggest weekly gain in more than two years. U.S. Secretary of State […]

Opposition candidate beats Erdogan’s ally Yildirim in rerun of Istanbul mayoral election

Turkey’s ruling AK party runner-up Binali Yildirim has congratulated his rival, Ekrem Imamoglu, on his victory in the rerun of Istanbul’s mayoral election. The results of the initial vote in March were annulled over violations. The former Turkish Prime Minister, who had received full backing from President Recep Tayyip Erdogan during the campaign, expressed hope […]