Türkiye’s annual inflation rate rose to 32.37 percent in April, while consumer prices increased by 4.18 percent from the previous month, the Turkish Statistical Institute (TÜİK) has said.

Iran warned on Monday that it would consider any U.S. attempt to interfere in the Strait of Hormuz a breach of the Mideast ceasefire, as President Donald Trump said the United States would begin escorting ships through the blocked waterway.

President Recep Tayyip Erdoğan will chair a cabinet meeting at the presidential complex in Beştepe on May 4, with regional tensions, the “Terror-free Türkiye” process and the economy expected to top the agenda.

Kuwait’s Foreign Minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah will visit Türkiye on May 4 for talks with Foreign Minister Hakan Fidan, the Turkish Foreign Ministry has said.

The planned wealth amnesty regulation, aimed at bringing overseas assets into the economy, complies with the Financial Action Task Force (FATF) standards, Treasury and Finance Minister Mehmet Şimşek has said.