Latest update: 24/11/2012
Turkey reveals Iranian gold-for-gas trade-off
Ending months of speculation, Turkey's deputy prime minister has confirmed that the country is pursuing a gas-for-gold deal with Iran in order to circumvent sanctions imposed on the Islamic Republic.
By Hürriyet Daily News (text)
Turkish Deputy Prime Minister Ali Babacan has revealed a critical detail about a widely discussed Turkey-Iran gold trade boom, disclosing that the Islamic republic was transferring payments made for gas into Turkish gold.