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President Recep Tayyip Erdoğan said Türkiye aims to reach $11 billion in defense and aerospace exports by 2028, vaulting the country into the global top 10 of defense exporters. Speaking at Roketsan's new facilities, Erdoğan said the new infrastructure for air defense systems will further enhance the Turkish Armed Forces' deterrent power.President Trump announced a two-week suspension of military action against Iran following discussions with Pakistani leaders, contingent on Iran reopening the Strait of Hormuz. Talks are set to begin in Islamabad on Friday, with Trump saying the US received a 10-point proposal from Iran that is "a workable basis" for negotiation.An investigation has been launched after reports of gunfire near the Israeli Consulate in Istanbul's Besiktas district, Justice Minister Akin Gurlek said Tuesday. Initial findings indicate the attack targeted Turkish police officers deployed in the area, while the consulate building itself is not operational.Türkiye strongly condemned the storming of Al-Aqsa Mosque by far-right Israeli National Security Minister Itamar Ben-Gvir, calling it an unacceptable provocation against the historical and legal identity of one of Islam's holiest sites. The Turkish Foreign Ministry said ensuring Al-Aqsa remains open for Muslim worship is a shared international responsibility.The Strait of Hormuz will reopen for transit only when transit revenues are used to compensate for damages from the war, Iran's presidential office said Sunday. The statement comes as the US-Israeli offensive on Iran enters its fifth week, with the strategic waterway effectively closed since early March.

President Recep Tayyip Erdoğan said Türkiye aims to reach $11 billion in defense and aerospace exports by 2028, vaulting the country into the global top 10 of defense exporters. Speaking at Roketsan's new facilities, Erdoğan said the new infrastructure for air defense systems will further enhance the Turkish Armed Forces' deterrent power.President Trump announced a two-week suspension of military action against Iran following discussions with Pakistani leaders, contingent on Iran reopening the Strait of Hormuz. Talks are set to begin in Islamabad on Friday, with Trump saying the US received a 10-point proposal from Iran that is "a workable basis" for negotiation.An investigation has been launched after reports of gunfire near the Israeli Consulate in Istanbul's Besiktas district, Justice Minister Akin Gurlek said Tuesday. Initial findings indicate the attack targeted Turkish police officers deployed in the area, while the consulate building itself is not operational.Türkiye strongly condemned the storming of Al-Aqsa Mosque by far-right Israeli National Security Minister Itamar Ben-Gvir, calling it an unacceptable provocation against the historical and legal identity of one of Islam's holiest sites. The Turkish Foreign Ministry said ensuring Al-Aqsa remains open for Muslim worship is a shared international responsibility.The Strait of Hormuz will reopen for transit only when transit revenues are used to compensate for damages from the war, Iran's presidential office said Sunday. The statement comes as the US-Israeli offensive on Iran enters its fifth week, with the strategic waterway effectively closed since early March.

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Oil prices rise ahead of Trump's Iran deal deadline as strike threats loom

Yenişafak

12:42, 07/04/2026, Tuesday

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Oil prices rise ahead of Trump's Iran deal deadline as strike threats loom

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Oil prices increased ahead of President Trump's Iran deal deadline, with Brent futures rising 1.5% to $111.4 and WTI climbing 2.7% to $115.3. Trump has warned that every bridge and power plant in Iran would be "decimated" if no deal is reached by Tuesday night.

Oil prices increased ahead of US President Donald Trump's Iran deal deadline to agree to US demands and reach a ceasefire. As of 0630GMT, Brent futures rose by 1.5% to around $111.4, while West Texas Intermediate (WTI) increased by 2.7% to $115.3. The price surge reflects market anxiety over potential escalation as Trump's Tuesday evening deadline approaches.

Trump's threat

Trump has said that if a truce is not reached by this time, US forces would launch sweeping strikes against civilian targets in Iran. The president claimed on Monday that American forces could "take out" the entire nation of Iran in just a single night. "The entire country could be taken out in one night, and that night might be tomorrow [Tuesday] night," Trump told reporters. He also warned that by Tuesday night at 8 pm EDT, every bridge and power plant in Iran would be "decimated" if no deal was reached.

Israeli warning

The Israeli army also warned Iranians to avoid using trains nationwide for Tuesday, staying away from areas near railway lines. The warning suggests potential targeting of transportation infrastructure as part of the threatened escalation.

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Conflict context

Regional tensions have escalated since the US and Israel launched a joint offensive on Iran on Feb. 28, killing more than 1,400 people according to Iranian authorities, including former Supreme Leader Ayatollah Ali Khamenei. Iran has retaliated with drone and missile strikes targeting Israel, Jordan, Iraq, and Gulf countries hosting US military assets, while restricting movement through the Strait of Hormuz.

Titles :Brent oil energy WTI

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