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Andrew Brunson, an imprisoned evangelical, became a flashpoint in Turkish-US relations which contributed to the crisis that is sending Turkey's economy plummeting towards rock bottom.
Crude prices rebounded Friday amid expectations for US sanctions against Iran, which would cut off oil imports from the country, and a rise in global demand.
President Donald Trump has repeatedly pushed for talks with Iran's leadership, though that could embarrass the theocratic leaders of the country, as they see themselves as holy warriors fighting US hegemony.
Oil prices rallied Monday as markets braced for the reimposition of US sanctions against Iran. Other sanctions, including those targeting Iranian crude, will resume in November.
The US slapped sanctions on 2 top Turkish officials over their role in detaining an evangelical pastor
The US imposed sanctions against two top Turkish officials on Wednesday in a long-standing dispute over Turkey's detention of American pastor Andrew Brunson. Brunson was arrested in 2016 and has been accused of leading a failed military coup against Turkish President President Recep Tayyip Erdogan.
Turkey's currency plummeted to a record low against the dollar Wednesday after the White House said it plans to impose sanctions on Ankara unless it releases a detained American pastor who has been imprisoned in the country for nearly two years.
Iran's currency sank to an all-time low over the weekend, falling below 100,000 rials to the dollar, ahead of the first round of US sanctions which are set to go into effect next week.
The North Korean economy saw its steepest decline in 20 years in 2017, according to South Korea's central bank, as the isolated country faces mounting sanctions.
India says it’s going ahead with a major Russian arms deal, and the US may have already backed itself into a corner
The US has tried to warn other countries away from deals with the Russian defense and intelligence sectors, but India has longstanding ties with Moscow and is undeterred.
President Donald Trump's national security adviser John Bolton once said Russia's election meddling was an "act of war" against the US and that the US could not trust Russia. He changed his tune completely after meeting with Russian President Vladimir Putin.