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30.03.26 - 21:12
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Turkey Reports Another Iranian Missile Near-Miss Over NATO Skies (ZeroHedge)
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Turkey Reports Another Iranian Missile Near-Miss Over NATO Skies
Another near-miss has unfolded over NATO skies, with Turkey on Monday announcing that air defenses intercepted a ballistic missile fired from Iran. It's another dangerous indication that the Iran war could easily expand into a broader conflict at any moment.
The intercept was carried out by air and missile defense assets positioned in the Eastern Mediterranean, according to the Turkish defense ministry, which offered no further initial details concerning trajectory, type, or what the intended target ultimately was.
US Navy image, illustrative
This marks the fourth fourth such interception since March of the war and Operation Epic Fury, which has surpassed the one-month mark.
The timing is notable given Ankara is simultaneously trying to play middleman between Washington and Tehran, alongside Pakistan where regional diplomats have been trying to jump-start direct Tehran-Washington talks, which has proven elusive.
Turkish and N...
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30.03.26 - 15:48
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Turkey Economic Confidence Falls To 6-month Low (AFX)
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ANKARA (dpa-AFX) - Turkey's economic sentiment weakened in March to the lowest level in six months after turning positive in the previous month, survey results from the Turkish Statistical Institu......
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27.03.26 - 17:51
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UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War (ZeroHedge)
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UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War
It's one of those things that sounds nice on paper, but when missiles and drones are inbound, no one is going to want to be on a military ship sitting in the middle of the Strait of Hormuz: the United Arab Emirates, which has been among the hardest-impacted Gulf states in Iran's ongoing retaliation, is pressing for a multinational maritime taskforce to reopen vital oil transit waterway, the Financial Times reports Friday.
The UAE, with a navy that's not really going to strike fear into any enemy (much less the Iranians), says it is willing to participate in a "Hormuz Security Force" to defend the strait and escort shipping. Dozens of countries are being asked to join, sources cited in FT say.
Source: Abu Dhabi Ship Building Company
And yet for all the public posturing and signing of 'symbolic statements' - not a single country with a strong military has actually stepped up with a conc...
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26.03.26 - 19:31
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Turkey Dumped 58 Tons Of Gold After Iran War Started, Slamming Price (ZeroHedge)
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Turkey Dumped 58 Tons Of Gold After Iran War Started, Slamming Price
There has been much speculation about the mystery seller(s) that sent gold sliding into a bear market from its January high: was it a sovereign seeking to plug holes in their budget from the recent surge in oil, a "market maker" trying to spark stop loss liquidations, or just retail investors taking profit after one of the best years in history for the precious metal?
Today we learned the identity of at least one of the sellers: Turkey's central bank sold and swapped about 60 tons of gold, worth more than $8 billion, or more than 10% of the country's total holdings, in two weeks after the start of the war in Iran, adding to the sharp downward pressure on bullion prices.
Turkish gold reserves showed a decline of 6 tons in the week of March 13 and another 52.4 tons in the week of March 20, marking a sharp drawdown in reserves, according to the latest data published by the central bank. While the composition of the s...
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