The Turkish lira firmed 1.7 percent against the dollar to its strongest level in around three months on Friday, helped by investor optimism that Turkey will receive a waiver on U.S. sanctions targeting Iranian oil and the lifting of U.S. sanctions on two top Turkish officials. The lira <TRYTOM=D3>, which has
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand. But the imminent return of U.S. sanctions on Iran and bottlenecks keeping U.S.
Iran is developing a range of new financial products, from Islamic bonds to warrants and insurance-linked securities, in an effort to give local firms more funding options as sanctions put pressure on the economy. The Iranian rial has plunged 70 percent against the U.S. dollar in the free market this year,
ABOARD A U.S. GOVERNMENT AIRCRAFT - The United States intends to fully enforce sanctions due to be reimposed against Iran early this week on orders from U.S. President Donald Trump, Secretary of State Mike Pompeo said on Sunday. Washington's so-called "snapback" sanctions are due to be reinstated against Tehran at 12:01