Iran deal boosts Turkish assets through lower oil prices, better regional outlook
Turkish assets firmed on Monday and the currency gained after six world powers reached a deal with Iran to curb its nuclear programme, leading to a drop in oil prices and improving the outlook for the region. Brent crude dropped more than $2 a barrel after the weekend deal to suspend some of the tough sanctions against Iran that have in the past two years cut exports from the OPEC member by more than half and kept the benchmark above $100 a barrel. Resource-poor Turkey has a gaping current account deficit equivalent to 7 percent of GDP due ...
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