Türkiye

Pressure on the PKK

Summary: in a major concession to Turkish demands, Iraq announced on 14 March it had banned the Kurdistan Workers’ Party (PKK). The move came as Turkish President Erdoğan threatens a major military offensive this summer in the Kurdistan Region. The developments will put intense pressure on PKK fighters, but neither move is likely to prove decisive in defeating them.

War in 2024

Summary: the oil market suggests that investors have, overall, learned to live with the current crisis in the Middle East, as well as the Russia/Ukraine war and China/Taiwan tensions. However, they still need to beware of less high profile war risk, consistent with the turbulent times in which we live. 

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