Petroleum & Turkey
74 shared events · Importance 16 · Last updated Aug 24, 2026
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International
Petroleum: Prices retreated from $118 to $85, but supply remains disrupted.
Turkey: Turkey signed a defence pact and is involved in regional diplomacy.
Apr 08, 2026 · 416 articles
International
Petroleum: Petroleum is directly impacted by the strait's closure and attacks on infrastructure. The potential reopening could ease supply concerns, but ongoing attacks support prices.
Turkey: Turkey signed a defense pact with Saudi Arabia and Pakistan, increasing its regional role. It is not directly involved in Hormuz talks.
Jun 16, 2026 · 349 articles
International
Petroleum: Petroleum is the commodity at the center of this project. The pipeline would provide an alternative transport route, potentially stabilizing supply and prices.
Turkey: Turkey already hosts the Kirkuk-Ceyhan pipeline and may see increased oil transit. The new pipeline could complement, not replace, existing routes.
Aug 17, 2026 · 14 articles
International
Petroleum: Supply disruption risk through strait closure and attacks.
Turkey: NATO member bordering Iran; signed defense agreement with Saudi Arabia and Pakistan, affecting regional security.
Aug 18, 2026 · 35 articles
International
Petroleum: Petroleum markets are affected by Strait of Hormuz tensions and the US sanctions bill targeting Russian oil buyers. India's energy security and global prices are influenced.
Turkey: Signed a mutual defence pact with Saudi Arabia and Pakistan, reflecting shifting regional alignments. This is mentioned as context for the call, but not directly involved.
Aug 08, 2026 · 43 articles
International
Petroleum: Petroleum is directly affected by the Hormuz blockade, which has spiked prices and motivated Russia's search for alternative trade routes.
Turkey: Turkey controls the Turkey — Bosporus strait and has restricted access due to attacks, influencing Russia's need for alternative routes.
Aug 06, 2026 · 24 articles
International
Petroleum: The price of crude oil has been significantly impacted by the conflict and the closure of the Strait of Hormuz. The peace agreement and the anticipated reopening of the strait are expected to lead to a sustained fall in energy prices, easing inflationary pressures globally.
Turkey: Turkey has backed the mediation efforts led by Pakistan in brokering the peace deal between the United States and Iran. It is also a regional power that would be affected by the stability brought by the agreement.
Jun 12, 2026 · 429 articles
International
Petroleum: Petroleum>>> prices are directly affected by the progress of the peace talks, with optimism for a deal leading to a 6% fall. The reopening of the Strait of Hormuz>>> would further impact global Petroleum>>> supply and pricing.
Turkey: Turkey>>> is one of the nations whose leaders Donald Trump>>> consulted regarding the peace deal, highlighting broader regional interest in the conflict's resolution.
May 19, 2026 · 327 articles
International
Petroleum: The closure of the Strait of Hormuz has caused oil prices to skyrocket. The potential reopening of the strait and relaxation of sanctions on Iran's oil sales are expected to bring down oil prices.
Turkey: Turkey>>>'s support for the deal indicates a potential for improved regional relations and stability.
May 27, 2026 · 101 articles
International
Petroleum: Petroleum is the key commodity affected, with prices elevated due to the strait's closure. Iran's control could keep prices high, impacting global economies.
Turkey: Turkey is involved in regional diplomacy and a new defense pact. It supports de-escalation and could benefit from stability.
Mar 09, 2018 · 316 articles
International
Petroleum: Petroleum is the central commodity, with record Indian imports supporting global demand and Russian export revenues, while Urals prices remain above the price cap.
Turkey: Turkey's refineries, including STAR, process Russian crude and export refined products to sanctioning countries, playing a role in the refined product trade.
Aug 03, 2026 · 8 articles
International
Petroleum: Petroleum prices have risen to a three-week high due to supply disruption risks in the Strait of Hormuz. The conflict and sanctions could further tighten supply, benefiting producers but hurting consumers.
Turkey: Turkey is a potential mediator and has leverage over the US due to its F-35 program. It faces risks from regional instability and sanctions.
Aug 20, 2026 · 73 articles
International
Petroleum: Petroleum prices are likely to rise due to supply disruption risks from the Strait of Hormuz and sanctions on Iran, benefiting oil producers but increasing costs for consumers.
Turkey: Turkey is also attempting to mediate, which could affect its relations with both the US and Iran and its role in regional diplomacy.
Aug 24, 2026 · 10 articles
International
Petroleum: Sanctions on Petroleum>>>, gas, and petrochemicals are expected to be temporarily lifted during the negotiation period, allowing Iran>>> to sell its products freely, which would affect global energy markets.
Turkey: Turkey is among the Muslim and Arab nations Donald Trump pushed to join the Abraham Accords as part of a broader regional settlement with Iran.
Jun 03, 2026 · 17 articles
International
Petroleum: Oil prices volatile due to strait disruptions; about a fifth of traded oil passes through.
Turkey: Turkey has expressed belief in a solution and is involved in diplomatic efforts, though its role is limited.
Mar 09, 2018 · 488 articles
International
Petroleum: Petroleum prices have risen toward $90 per barrel due to maritime threats. The coalition aims to stabilize supply routes, which could ease price pressures.
Turkey: Turkey is a founding member of the coalition, endorsing the initiative. Its involvement expands its influence in the Red Sea region and aligns with its maritime security interests.
Jul 30, 2026 · 54 articles
International
Petroleum: Petroleum>>> prices initially fell after Iran>>>'s TV report of a deal but rebounded after news of new US strikes, indicating market sensitivity to geopolitical tensions in the Strait of Hormuz>>>. The conflict has sent global energy prices sharply higher.
Turkey: Turkey>>> is among the nations Donald Trump>>> urged to join the Abraham Accords.
Apr 20, 2026 · 607 articles
International
Petroleum: Petroleum markets face disruption due to the conflict and sanctions, with potential supply shortages and price volatility.
Turkey: Turkey denied sending a military delegation to a Syrian air base hit by Israel, and vowed to support Syria's military rebuilding, adding to regional complexities.
Aug 06, 2026 · 325 articles
International
Petroleum: Petroleum prices are elevated due to the blockade of the Strait of Hormuz and the threat of sanctions. The conflict risks further supply disruptions, benefiting oil producers but hurting consumers.
Turkey: Turkey is another country that could be affected by U.S. sanctions on Iran, as it has economic ties with Iran. It may face pressure to reduce trade, impacting its economy.
Aug 22, 2026 · 25 articles
International
Petroleum: Petroleum prices are directly affected by the status of the Strait of Hormuz and the progress of peace talks, with potential for significant price drops if the strait reopens and supply concerns ease.
Turkey: Turkey was represented in a call with Donald Trump to discuss the peace deal, indicating its regional influence and involvement in the peace process.
May 02, 2026 · 472 articles
International
Petroleum: Petroleum prices have been significantly impacted by the closure of the Strait of Hormuz and the ongoing conflict. The peace deal and reopening of the strait are expected to stabilize and potentially lower oil prices.
Turkey: Turkey is listed as one of the regional allies that approved the 'final points' of the US-Iran deal, indicating its support for a peaceful resolution in the Middle East.
Apr 20, 2026 · 497 articles
International
Petroleum: The price of Petroleum has been significantly impacted by the conflict and the closure of the Strait of Hormuz. Hopes for a deal to reopen the strait have led to fluctuations in oil prices.
Turkey: Turkey is a regional leader that has been consulted by US President Donald Trump regarding the emerging peace plan, indicating its support for de-escalation.
May 18, 2026 · 309 articles
International
Petroleum: Petroleum prices have been significantly impacted by the conflict and the closure of the Strait of Hormuz. The interim deal's provisions for reopening the strait and allowing Iran to sell its oil freely are expected to increase global supply and lower prices, providing relief to consumers.
Turkey: Turkey was thanked by Pakistan for its diplomatic efforts in facilitating the US-Iran peace deal.
May 27, 2026 · 425 articles
International
Petroleum: Petroleum prices have fallen significantly following the announcement of the US-Iran deal and the anticipated reopening of the Strait of Hormuz, returning to pre-war levels, though full normalization of supply will take time.
Turkey: Turkey's National Security Council welcomed the agreement between Iran and the United States, underscoring the need to protect the diplomatic process and build on momentum toward regional stability.
Jun 11, 2026 · 372 articles
International
Petroleum: Petroleum prices surged over 5% due to worries of renewed war and limited shipping through the Strait of Hormuz, directly impacting the global energy market.
Turkey: Turkey has urged the United States to pressure Israel to rein in its strikes and Iranian officials to stop attacks on Israel, participating in diplomatic efforts to de-escalate the conflict.
Jun 07, 2026 · 398 articles
International
Petroleum: The conflict and the closure of the Strait of Hormuz>>> have caused significant volatility and price increases for Petroleum>>>.
Turkey: Turkey>>>, through its President Recep Tayyip Erdoğan>>>, has welcomed the ceasefire extension and believes a reasonable solution is possible.
May 07, 2026 · 362 articles
International
Petroleum: Prices retreated from war highs but supply disruptions persist, keeping markets volatile.
Turkey: Turkey is involved in diplomatic efforts but has not played a major role in this phase.
Jul 31, 2026 · 335 articles
International
Petroleum: The price cap mechanism is set at 15% lower than the average market rate for Petroleum>>>. The current threshold is $44.10 per barrel.
Turkey: Turkey is among the countries where firms are being considered for export controls due to allegedly supplying Russia with restricted goods for its military industry.
May 31, 2026 · 24 articles
International
Petroleum: Petroleum prices have surged due to the closure of the Strait of Hormuz and disruptions to global oil supplies. The commodity's volatility is a direct consequence of the ongoing conflict and negotiations.
Turkey: Turkey is mentioned as a country providing rail links for Iran to channel goods, helping to mitigate the effects of the US blockade.
Apr 26, 2026 · 590 articles
International
Petroleum: Petroleum prices fell on expectations of a deal, indicating market sensitivity to the potential reopening of the Strait of Hormuz and increased supply.
Turkey: Turkey's foreign minister was contacted by Iran's Foreign Minister, indicating its peripheral involvement in diplomatic discussions related to the conflict.
May 24, 2026 · 104 articles
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