Petroleum & Turkey
37 shared events · Importance 20 · Last updated Jun 25, 2026
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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 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: 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
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