Oil prices spiked Wednesday morning, rising over 4.5 percent at one point after Iran fired a barrage of ballistic missiles against two airbases in Iraq used by US and coalition forces.

The benchmark WTI jumped as much as 4.53 percent to $65.54 a barrel before settling down slightly after Iran unleashed its first response to the US assassination of military commander Qasem Soleimani.

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Erdogan says Turkish soldiers have begun Libya deployment
Ankara, Turkey (AFP) Jan 5, 2020
Turkish President Recep Tayyip Erdogan on Sunday said Turkish soldiers had begun deploying to Libya after parliament approved such a move last week. "Our soldiers' duty there is coordination. They will develop the operation centre there. Our soldiers are gradually going right now," he told CNN Turk broadcaster during an interview. The Turkish parliament passed a bill allowing the government to send troops to Libya aimed at shoring up the UN-recognised government in Tripoli. The Tripoli gover ... read more