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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.A US-Israeli strike targeted Iran's Qom-Tehran highway early Friday, Mehr news agency reported, with no immediate reports of casualties or damage. The attack comes a day after strikes destroyed the strategic B1 bridge in Karaj, north of Tehran, killing eight people and wounding 95.President Recep Tayyip Erdoğan said Thursday that the struggle for oil and carbon fuels in the past century will be replaced by water as competition for power intensifies. "The signs of this struggle are already visible in the armed conflicts taking place around the region," he warned.President Recep Tayyip Erdoğan extended his greetings to Türkiye's Jewish citizens for the Passover holiday, wishing that the holiday brings "peace, stability, prosperity, and well-being to our region and all humanity." The message reflects Türkiye's tradition of recognizing religious holidays of all communities.Turkish supporters flooded Taksim Square waving flags and celebrating after the national team qualified for the 2026 FIFA World Cup by defeating Kosovo 1-0 in the European Qualifiers play-off final on April 1. The victory secured Türkiye's place in the global tournament.

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.A US-Israeli strike targeted Iran's Qom-Tehran highway early Friday, Mehr news agency reported, with no immediate reports of casualties or damage. The attack comes a day after strikes destroyed the strategic B1 bridge in Karaj, north of Tehran, killing eight people and wounding 95.President Recep Tayyip Erdoğan said Thursday that the struggle for oil and carbon fuels in the past century will be replaced by water as competition for power intensifies. "The signs of this struggle are already visible in the armed conflicts taking place around the region," he warned.President Recep Tayyip Erdoğan extended his greetings to Türkiye's Jewish citizens for the Passover holiday, wishing that the holiday brings "peace, stability, prosperity, and well-being to our region and all humanity." The message reflects Türkiye's tradition of recognizing religious holidays of all communities.Turkish supporters flooded Taksim Square waving flags and celebrating after the national team qualified for the 2026 FIFA World Cup by defeating Kosovo 1-0 in the European Qualifiers play-off final on April 1. The victory secured Türkiye's place in the global tournament.

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Turkey's Energy Exchange hits record in spot gas trade

News Service

15:02, 31/03/2020, Tuesday

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Turkey's Energy Exchange hits record in spot gas trade

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Energy Exchange Istanbul data shows trade volume reached approximately 21.5 million Turkish liras - a 2020 record high

Turkey's Energy Exchange Istanbul (EXIST) trade volume in spot natural gas market hit Monday a record high for 2020, EXIST data showed on Tuesday.

Total trade on Monday amounted to 21.59 million liras, marking an hefty 384% increase over the previous day.
On March 18 this year, the trade volume in the spot natural gas market hit another record high generating 21.37 million liras since the energy stock exchange was established on Sept. 1 in 2018.
On Monday's spot market, 1,000 cubic meters of natural gas cost 1,441 liras, while the total natural gas trade volume amounted to 14.97 million cubic meters.
Turkey received 117.9 million cubic meters of pipeline gas on Monday.
US$1 equals 6.56 Turkish liras at 1129 GMT on Tuesday.

Titles :record spot natural gas market Turkey's Energy Exchange Istanbul (EXIST)

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