US will 'gain nothing' from sanctions: Iranian president

Iranian President Masoud Pezeshkian said on Tuesday that Washington will achieve no objectives through economic coercion, vowing that Tehran will stand firm against the Trump administration's sweeping new sanctions campaign targeting the Islamic Republic's financial and commercial lifelines.

Türkiye's Halkbank secures extra $1.1B funding after US case win

Türkiye's state-owned Halkbank said on Tuesday it secured an additional $1.1 billion from international markets following the dismissal of a US criminal case, bringing total external funding raised to $5 billion as the lender expands its global medium-term note program.

Oil prices plunge as US-Iran tensions ease, supply fears fade

Brent crude and West Texas Intermediate fell sharply on Tuesday as diplomatic initiatives between Washington and Tehran tempered fears of military escalation, with Pakistan's army chief visiting Iran to support negotiations while Qatar continues mediation efforts and Washington considers returning evacuated diplomats.

Kazakhstan says Kondensat refinery to process Russian oil

Kazakh Energy Minister Yerlan Akkenzhenov said on Tuesday that the Kondensat refinery in West Kazakhstan will process Russian crude under an agreement that sends 70 percent of output to Russia while retaining 30 percent for domestic use, noting that the facility's owner is not subject to Western sanctions.

Damascus fair opens as Türkiye targets $10B trade with Syria

Turkish Trade Minister Ömer Bolat said businesspeople from both nations will gather at Syria's premier trade event to explore joint ventures, with bilateral trade already hitting $2.2 billion in the first seven months as Ankara pursues a sustainable economic partnership.

China warns US not to disrupt Iran cooperation amid sanctions

Foreign Ministry spokesman Lin Jian said Beijing's cooperation with Tehran is lawful and should not be disrupted, warning that Washington's new sanctions campaign risks destabilizing the global financial order as the US Treasury secretary unveiled plans to isolate Iran completely.

European gas prices climb to highest level since January 2023

European natural gas prices surged almost 4% on Monday, reaching their highest level since January 2023 as fresh US sanctions on Iran intensified concerns over Middle Eastern energy supplies. Rising tensions around the Strait of Hormuz, delayed Qatari LNG shipments and stronger summer demand are adding pressure to Europe’s efforts to rebuild gas inventories ahead of winter.

Türkiye ranks seventh globally in agricultural output

Türkiye ranked seventh worldwide and first in Europe for agricultural output in 2025, Agriculture and Forestry Minister Ibrahim Yumakli said Monday, highlighting the sector’s expansion and investments in irrigation, afforestation and agricultural production. Yumakli said Türkiye’s output increased from $24.5 billion in 2002 to $83.2 billion last year.

Türkiye ramps up trade integration with OIC states

The Turkish Trade Ministry said exports to Organization of Islamic Cooperation member countries reached $41.5 billion in the first seven months of 2026, marking a $345.7 million yearly increase as Ankara works to lift the Islamic bloc's share of total exports to 30 percent by 2028 under its medium-term program.

Oil prices fall as markets await new US sanctions on Iran

Crude prices declined Monday as markets braced for details of a sweeping new US sanctions package targeting Iran. Treasury Secretary Scott Bessent is set to announce what Washington calls its toughest-ever economic campaign, with oil prices expected to remain volatile throughout the second half of 2026.