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Tragedy Strikes at Turkish Ski Resort: 66 Dead, 51 Injured in Hotel Fire

A devastating fire engulfed the Grand Kartal Hotel at the popular Kartalkaya ski resort in northwestern Turkey early Tuesday morning, claiming at least 66 lives and injuring 51 others. The fire, which broke out around 3:30 a.m. local time in the hotel's restaurant section, spread rapidly, trapping guests on the upper floors. Guests, many of whom were families on holiday during the school semester break, faced harrowing conditions as they tried to escape the flames. Some resorted to jumping from windows in a desperate attempt to flee the blaze, while others used sheets and blankets to climb down from their rooms. The hotel's fire detection system reportedly failed to operate, adding to the chaos and confusion. Emergency services, including 30 fire trucks and 28 ambulances, were dispatched to the scene, but the fire's intensity and the hotel's chalet-style wooden exterior hampered firefighting efforts. The Turkish government has launched an investigation into the incident...

Market Rally Amid Geopolitical Tensions

 

Wall Street surged early today, driven by a mix of corporate earnings reports and geopolitical developments. The assassination of Hamas leader Ismail Haniyeh in Tehran has led to a significant spike in oil prices, with U.S. benchmark crude oil rising by $2.10 to $76.83 per barrel and Brent crude increasing by $2.05 to $80.12 per barrel.

The unexpected airstrike, which Iran and Hamas attribute to Israel, has heightened tensions in the Middle East, potentially impacting global oil supplies. This geopolitical uncertainty, combined with anticipation of the Federal Reserve’s upcoming interest rate decision, has created a volatile yet optimistic market environment.

Global stocks have also seen gains, with major indexes in Europe and Asia closing higher. Investors are closely watching the Federal Reserve’s policy announcement, expected later today, which could provide further direction for the markets.


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