The election results for the parliamentary and presidential elections, held on June 24, 2018 have not thrown any surprises. President Recep Tayyip Erdogan and his Justice and Development Party (AKP) have emerged victorious with significant margins, even though Erdogan would have preferred a more thumping win. The elections that were due in November 2019 were preponed with the idea that Turkey needs a stable polity with a presidential system and that it cannot wait for another year and half to see the implementation of the shift from parliamentary to presidential system.
The West Asian Crisis and Oil Price Expectations
As concerns over a potential conflict in the region grow, the pressing issue of what a conflict would mean for the price of international crude oil needs to be addressed urgently.