"Politics, dialog, diplomacy, culture and economy are the measures to deal with this crisis. We do not want to sacrifice our cultural and economic relations with Iraq for the sake of a terror organization,"
Turkish Foreign Minister Ali Babacan, referring to the rebel Kurdistan Workers' Party (PKK) which has bases in northern Iraq. (He was speaking at a joint news conference in Baghdad with his Iraqi counterpart Hoshyar Zebari, reassuring Iraq on Tuesday that Turkey wants a diplomatic solution to the problem of Kurdish rebel bases but rejecting a conditional ceasefire offer made by the guerrillas.
"The market's taking a bit of a breather after a lot of volatility in recent days. Yesterday, crude prices were just shadowing the US dollar. I expect that to continue today because there's nothing much else going on in the market in terms of fresh news. I'm expecting prices to fall below $85/b today ahead of potentially bearish (US petroleum) stock figures,"
A London-based broker.
Updated: October 23, 2007
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