Turkey moved closer to opening a new front in the Iraq war Monday, with the government asking parliament to approve a cross-border offensive against Kurdish rebels. Still, its leaders were reluctant to stage an incursion that could hurt Turkey's standing with Washington.
World oil prices soared to record highs Monday with New York prices smashing through 86 dollars as tensions mounted between Turkey's government and Kurdish rebels located in northern Iraq.
New York crude oil prices rocketed to record highs Monday closing at 86.13 dollars a barrel amid mounting tensions between Turkey's government and Kurdish rebels located in northern Iraq.
Oct. 16 (Bloomberg) -- Turkey must ``show restraint'' and avoid a military raid against Kurdish PKK rebels in northern Iraq, the U.S. said, as Prime Minister Recep Tayyip Erdogan asked parliament to sanction an incursion.
Oct. 16 (Bloomberg) -- Crude oil traded near a record above $86 a barrel because of concern Turkey may attack Kurdish militants in Iraq and disrupt shipments.
Iraq urges caution as Turkey's government says it will ask permission to launch raids against Kurdish rebels in Iraq.
Oil prices rose in Asian trading Tuesday, holding above a record close hit overnight on fears Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region.
Kurdish leaders in Iraq vowed to increase efforts to stop Kurdish militants from provoking an attack by Turkey, KUNA reported Monday.
15 October 2007 NEW YORK -- Crude oil futures pushed further into record territory Monday, rising above $85 a barrel as tensions between Turkey and Iraq mounted and concerns about a tight supply situation continued.
THE US has urged Turkey to show "restraint" as Ankara moves closer to a possible incursion against Kurdish rebels sheltering in northern Iraq.