turkey
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Operation Economic Outcast: The Sanctions Campaign That Has to Hold Until November
Treasury's formal economic pressure campaign against Iran has a name, a coalition of unusual partners, and measurable effects on oil markets. Here is what it covers, who is in it, and what has to go right in the next 45 days.

US Treasury Thanks Turkey, Oman, UAE for Backing Iran Sanctions
Treasury Secretary Scott Bessent thanked the UK, Turkey, Oman and the UAE for backing US sanctions on Iran amid the ongoing Strait of Hormuz standoff.

Bessent Blames Ukraine's Russia Strikes for Rising Energy Prices
Treasury Secretary Bessent attributes rising energy prices to Ukraine's strikes on Russian infrastructure, as Turkey pivots to U.S. crude and markets absorb a volatile week.

Israel Strikes Syrian Airbase to Block Turkish Military Deployment
Israel struck Syria's Abu al-Duhur airbase, the government confirmed, after intelligence showed Turkey was preparing to deploy troops to the facility less than 200 miles from Israel's northern border.

Turkey and Iran Hold Talks on Reopening Strait of Hormuz
Turkish FM Hakan Fidan spoke Monday with Iranian FM Abbas Araghchi on Hormuz reopening and the US-Iran ceasefire, as a UAE tanker was detained near Qeshm Island.

IAEA Set to Remove Nuclear Material From Syria in U.S.-Brokered Deal
International inspectors are poised to secure and remove undeclared nuclear material from a Syrian site under a U.S.-brokered agreement designed to prevent a clash between Israel, Syria, and Turkey.

India Says It Will Study Mecca Pact That Strengthens Rival Pakistan
New Delhi responded cautiously to the Saudi-Turkey-Pakistan defense agreement, saying it would weigh the implications—while analysts warned the trilateral deal hands strategic weight to India's chief rival.

Saudi Arabia, Turkey and Pakistan Sign Mutual-Defense Pact in Mecca
A joint agreement treating an attack on one as an attack on all binds the Gulf's top oil exporter, NATO's second-largest army, and the only nuclear-armed Muslim state—reshaping the region's security map after the Iran war.

Iraq and Turkey Strike 1-Year Pipeline Deal to Bypass Hormuz Closure
Iraq and Turkey have signed a one-year oil pipeline agreement to route Iraqi crude through Ceyhan as the Strait of Hormuz remains closed by the U.S.-Iran conflict.

Turkey and Iraq Sign One-Year Oil Pipeline Deal
Turkey and Iraq have signed a one-year agreement to resume operations on the Iraq-Turkey Pipeline, reopening a crude export route through Ceyhan that has been shuttered since 2023.

Trump-Turkey Deal Loosens Sanctions on Russia's Arms Buyers
India and other major buyers of Russian weapons stand to benefit after the Trump administration eased CAATSA sanctions restrictions through a new deal with Ankara.

US Charges Iran-Backed Kataib Hezbollah Commander After Turkey Arrest
The Justice Department charged a senior Kataib Hezbollah commander over attacks on US personnel after Turkish authorities arrested him, widening the legal campaign against Iran's axis network on Iran war day 78.