Iran Sanctions Drive Up Turkish Energy Costs
By: Guven Sak. posted on Fri, Dec 28.
On November 20, the United States added another element to its sanctions against Iran. It now includes a ban on selling precious metals to the country. That bodes ill for Turkey, which was paying for its gas purchases with gold. Does this now mean that the problem is solved? I do not think so. It cannot end without securing energy for Turkey. Grapes are eaten one by one as an Arabic proverb says. Turkish-Iranian economic relations are not based on ideology, but on mutual dependence. That means that they fulfill an economic need and cannot be extinguished by law alone.
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