Louisiana Light • 2 days | 85.15 | -1.06 | -1.23% | |||
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% | |||
Mars US • 147 days | 77.67 | -1.57 | -1.98% | |||
Gasoline • 19 hours | 2.721 | +0.049 | +1.82% |
Bonny Light • 1 day | 88.97 | +1.21 | +1.38% | |||
Girassol • 1 day | 88.90 | +1.44 | +1.65% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% |
Peace Sour • 1 day | 74.10 | -0.27 | -0.36% | |||
Light Sour Blend • 1 day | 73.60 | -0.27 | -0.37% | |||
Syncrude Sweet Premium • 1 day | 82.35 | -0.27 | -0.33% | |||
Central Alberta • 1 day | 74.00 | -0.27 | -0.36% |
Eagle Ford • 2 days | 77.83 | -0.27 | -0.35% | |||
Oklahoma Sweet • 2 days | 78.00 | +0.00 | +0.00% | |||
Kansas Common • 2 days | 71.50 | -0.25 | -0.35% | |||
Buena Vista • 2 days | 84.55 | +3.95 | +4.90% |
The European Union is considering…
Oil price forecasts are becoming…
Turkeyâs growing ties with Iran recently prompted Washington to dispatch senior U.S. Treasury official Roger Cohen to Ankara, who said, "As trade increases and financial ties expand, it runs counter to the international community's desire to constrain Iran and to ensure the choice that has been put to the Iranian leadership between continued defiance and integration with the international community, is as sharp as possible."
Over the past several years Iran and Turkey have in increased their cooperation in many economic fields, including energy, security, trade, education and culture.
Turkish politician Volkan Bozkir, who heads Parliamentâs foreign affairs committee, rejected the U.S. threats, commenting, "Countries should be careful in warning Turkey (that) it's not the country of 10 years ago. Is there any rule in the world that the U.S. can impose any sanctions without any U.N. support or legal institutions? It's only the U.N. which can impose sanctions. We will abide by the UN sanctions."
The Obama administration has reportedly warned Turkish banks operating in the U.S. that they could face prosecution if they violate either U.S. or U.N. sanctions imposed by Iran. According to a Turkish diplomatic source speaking on condition of anonymity, at least one Turkish bank is currently under investigation by the U.S. government, Iranâs Fars News Agency reported.
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By. Joao Peixe, Deputy Editor OilPrice.com
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