Bloomberg The Turkish army kicked off a military drill near the border with Iraq’s Kurdish region, underscoring Turkey’s threat to do whatever it deems necessary against an Iraqi Kurdish independence referendum scheduled for next week. Dozens of Turkish tanks dotted an open field just a few kilometres from the Iraqi border on Monday, according to footage on CNN-Turk television. Erdogan, ...

Bloomberg Saudi Arabia plans to seek bidders for the construction of a 1,000-mile (1,600-kilometer) railroad linking the Red Sea with the Persian Gulf as early as the end of this year, signaling the go ahead for a long-delayed project seen as vital to reducing the economy’s dependence on oil. The so-called Land Bridge line will shave around three days off ...

Bloomberg Oil traded near $50 a barrel in New York, close to a three-month high, as a further reduction in US drilling added to signs the global crude surplus is abating. West Texas Intermediate futures were little changed after advancing 5.1 percent last week. Rigs targeting crude fell by seven to 749, according to data from Baker Hughes. Drillers haven’t ...