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Turkish Defense Minister: The Ankara summit will focus on defense spending, the defense industry, and alliance unity.

2026-06-30

Turkish Defense Minister: The Ankara summit will focus on defense spending, the defense industry, and alliance unity.

Other News
2026-06-30

Bank of Japan policy board member Ayano Sato said firms are increasingly passing higher costs to consumers and the BOJ must guard against potential inflationary effects from yen depreciation. She said monetary policy should focus on inflation while f

Bank of Japan policy board member Ayano Sato said firms are increasingly passing higher costs to consumers and the BOJ must guard against potential inflationary effects from yen depreciation. She said monetary policy should focus on inflation while fiscal policy should support households and firms hit by rising prices. Appointed by dovish Prime Minister Sanae Takaichi, Sato declined to comment on the timing or pace of further rate hikes and said the BOJ must watch both downside growth risks and upside inflation risks.
2026-06-30

Trade sources and a document show Iraq's State Organization for Marketing of Oil (SOMO) has sharply cut July official selling prices to entice long-term buyers to lift Basra crude from its Gulf terminals. Basra medium crude discounts are $14–16/bbl a

Trade sources and a document show Iraq's State Organization for Marketing of Oil (SOMO) has sharply cut July official selling prices to entice long-term buyers to lift Basra crude from its Gulf terminals. Basra medium crude discounts are $14–16/bbl and Basra heavy $16.80–18.80/bbl, with the deepest discounts for July 1–5 loadings and smaller discounts for July 6–10 and July 11–31 loadings. SOMO requires buyers to submit order volumes within one day of notification. Trade sources said the large discounts may attract buyers but whether passage through the Strait of Hormuz will be possible remains uncertain.
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