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Turkish President Erdogan: No one should doubt that we will take the necessary political and administrative measures.

2026-10-07

Turkish President Erdogan: No one should doubt that we will take the necessary political and administrative measures.

Other News
2026-10-07

Spot gold fell below $4,130 per ounce, down 0.81% on the day.

Spot gold fell below $4,130 per ounce, down 0.81% on the day.
2026-10-07

Analyst Eamonn Sheridan says a Gulf of Mexico storm is forecast to become the first Atlantic hurricane of 2026 within two days and may strike oil and gas infrastructure. Offshore areas along the storm track produce about 15% of US crude and 5% of US

Analyst Eamonn Sheridan says a Gulf of Mexico storm is forecast to become the first Atlantic hurricane of 2026 within two days and may strike oil and gas infrastructure. Offshore areas along the storm track produce about 15% of US crude and 5% of US gas; as many as six refineries could be affected. US refining capacity is roughly 18 mln bpd, about half in Gulf Coast states, so fuel supply risk from the storm could match crude disruption; diesel prices are at historic highs. Middle East export flows had improved but recent escalation offsets that: Saudi airport was hit twice Monday evening and fighting between Saudi forces and Iran-backed Houthi fighters have intensified, with Saudi-backed Yemeni government forces advancing backed by Saudi air strikes. Diplomatic signals offer little Sheridan assesses the risk balance is more supportive of oil remaining near $100/bbl than declining, unless the storm weakens or Middle East tensions ease.
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