Turkey is itself the sixth-largest buyer of Iranian oil, according to Reuters, although the two countries have had a rocky relationship.
On Tuesday, Delta became the first airline to add a surcharge on flights to and from Europe after the EU's Emissions Trading Scheme went into affect.
Gold was set for its strongest two-day rally in 2-1/2 months on Wednesday after an agreement in principle among European leaders to ban Iranian oil imports boosted the crude price and catapulted bullion to two-week highs.
China has publicly rejected new U.S. sanctions on Iran.
The top pre-market NASDAQ Stock Market gainers are: TiVo, Arena Pharmaceuticals, Lululemon Athletica, Qiagen, and AVEO Pharmaceuticals. The top pre-market NASDAQ Stock Market losers are: Life Partners Holdings, Acme Packet, BioMimetic Therapeutics, NetApp, Aruba Networks, Yahoo, and Apple.
The top after-market NASDAQ stock market gainers are: TiVo, Arena Pharmaceuticals, A123 Systems, Unilife and Team. The top after-market NASDAQ Stock Market losers are: Life Partners Holdings, Acme Packet, BioMimetic Therapeutics, Progress Software and Amarin.
Greece, deeply mired in its own financial crisis, has been highly dependent on Iranian oil because Teheran has offered debt-ridden nations attractive credit terms.
Israeli and Palestinian negotiators made no breakthrough during their first high-level discussions in more than a year Tuesday, but agreed to hold further talks in Amman on a confidential basis, Jordan's foreign minister said.
The latest threat comes days after U.S. President Barack Obama signed into law sanctions against Iran's central bank which processes most of the country's oil-export payments. Obama and other leaders, including European Union foreign ministers set to meet in Brussels on Jan. 30 to consider a oil-export ban on Iran, hope more sanctions will slow the country from further developing its nuclear weapons program.
In the first protest against Hungarian Prime Minister Viktor Orban since he came to power in May, tens of thousands of Hungarian opposition groups demonstrated against the country's new constitution.
Gold rose by nearly 2 percent on Tuesday, fueled by a recovery in the euro against the dollar, after the bullion price neared six-month lows last week in a flurry of year-end selling.
Gathering in the Jordanian capital on Tuesday, Israeli and Palestinian negotiators have come together in an effort to jumpstart long-stalled negotiations, the first face-to-face meeting in more than a year.
France wants tougher sanctions against Iran like the ones imposed by the United States.
Banks cut their intake of one-week European Central Bank funding by just under 15 billion euros on Tuesday, as they continued to readjust their borrowing needs having recently gorged themselves on the ECB's first ever offering of three-year cash.
What will the year 2012 bring? Well, it looks like: the Summer Olympics in London. After that, venturing a prediction is a tough task, but here are a few.
Iran symbolically threatened the U.S. and Israel on two fronts Monday: the testing of new long-range rockets and the production of a nuclear fuel rod.
Israeli and Palestinian negotiators will meet this week after more than a year of deadlock in peacemaking, officials said Sunday, but both sides played down prospects of any imminent resumption of talks.
Policymakers marked the 10th anniversary Sunday of the introduction of euro notes and coins by urging governments in the currency bloc to save and consolidate to overcome their debt crisis.
Dysfunctional politics threatens to deliver a protracted period of slow global growth, possibly lasting well beyond 2012, which will only deepen the political and economic problems for the West.
Iran dismissed on Sunday the United States' move to impose new sanctions on financial institutions dealing with the Islamic state's central bank over the country's disputed nuclear program, the Students news agency reported.
Iran said it had delayed its promised long-range missile tests in the Persian Gulf on Saturday and signaled it was ready for fresh talks with the West on its disputed nuclear program.
Toronto's main stock index closed higher on Friday, the last trading day of the year, as financial and resource shares rallied on signs the U.S. economy was recovering, but the jump was not enough to avert the market's first year-on-year decline since 2008.
