9,807.50 TRY BIST 100 BIST 100
36.37 USD USD USD
5.04 CNY CNY CNY
38.11 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.46 TRY Interest Interest
76.31 USD Fossil Oil Fossil Oil
33.10 USD Silver Silver
4.62 USD Copper Copper
106.70 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,437.60 TRY Gold (gr) Gold (gr)

EU announced the mission for safeguarding the Red Sea

This defensive maritime security operation will encompass safeguarding important sea routes in the Baab al-Mandab Strait and the Strait of Hormuz, as well as international waters in the Red Sea, the Gulf of Aden, the Arabian Sea, the Gulf of Oman, and the Gulf.

EU announced the mission for safeguarding the Red Sea

On Monday, the European Council declared the naval mission was launched to ensure the freedom of navigation in the Red Sea and the Gulf. This defensive maritime security operation will encompass safeguarding important sea routes in the Baab al-Mandab Strait and the Strait of Hormuz, as well as international waters in the Red Sea, the Gulf of Aden, the Arabian Sea, the Gulf of Oman, and the Gulf. This initiative is taken as a response to the Houthi attacks in order to restore maritime security and freedom of navigation.

According to EU Economy Commissioner Paolo Gentilloni, the ongoing crisis in the Red Sea has led to a notable increase in delivery times between Asia and the EU, with delays ranging from 10 to 15 days. Consequently, this situation has resulted in an almost 400% increase in costs.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Australian Government announces $1bn fund for low-emission iron and steel production

Sunday, February 23, 2025

Tosyalı Holding bids for Liberty Steel plant in Luxembourg

Saturday, February 22, 2025

CMB launches investigation into unusual price movements on Borsa Istanbul

Saturday, February 22, 2025

Black Sea pig iron prices drop to lowest level since 2020

Thursday, February 20, 2025

Eurozone growth uncertainty persists as PMI drops to 50.2

Saturday, February 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now