ANKARA ACTIVATES TAX SHIELD TO CUSHION IMPACT OF OIL SURGE
Turkey has reintroduced the “sliding scale mechanism” to prevent dramatic pump hikes from feeding inflation after the Iranian War pushed global oil prices higher.
Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Turkey has reintroduced the “sliding scale mechanism” to prevent dramatic pump hikes from feeding inflation after the Iranian War pushed global oil prices higher.
The U.S. and Israel have started a war against Iran, although Trump does not want to call it as such. I saw no way out of the impasse between the two parties, although the Iranian side was optimistic after the third round of nuclear talks.
NATO promptly reacted by condemning Iran after a missile targeted the Turkish border, saying: “We condemn Iran’s targeting of Türkiye. NATO stands firmly with all Allies, including Türkiye.'
Forty Cleavers or Forty Mules for Iran? No information has leaked from the U.S.-Iran talks in Oman other than the statements from the two sides portraying them as positive. But it is no secret that Iran is faced with an impossible choice, like a thief in a Turkish fairy tale.
While Ankara has taken steps to reassure Tehran that it is a trustworthy interlocutor, those efforts appear to have fallen short. The United States and Iran have again agreed to meet in Muscat, the capital of Oman, rather than in Istanbul — highlighting Iran’s reluctance to accept Turkey as a venue for nuclear talks.
Turkey is seeking to position itself as a mediator between the United States and Iran as threats of attacks rise and diplomatic engagement intensifies, with the Turkish foreign minister set to host his Iranian counterpart in Istanbul on Jan. 30.
In their first call since unrest spread across Iran, President Recep Tayyip Erdoğan told his Iranian counterpart, Masoud Pezeshkian, that Turkey does not support any scenario involving external intervention in Iran, according to a statement from the Turkish Presidency on Jan. 22.
A new U.S. tariff move targeting countries that do business with Iran is placing billions of dollars of Turkey’s trade at risk, with exports to the United States and energy trade with Iran most exposed.
Turkey is watching the protests in Iran with growing concern, warning that U.S. President Donald Trump’s threat of intervention could trigger dangerous regional consequences as Ankara pushes de-escalation through diplomacy with Gulf countries.
Turkey is tightening border security in the east in case of a wave of people fleeing turmoil in Iran.
While Turkey and Iran were on opposite sides during the Syrian civil war, Israel's hostility to the new regime in Damascus appears to be pushing Ankara and Tehran closer as both define Israel as a threat to Syria’s stability.
Turkey froze the assets of 18 institutions and 20 individuals linked to Iran, including the Atomic Energy Organization of Iran, a day before hosting Iranian Defense Minister Brig. Gen. Aziz Nasirzade in Ankara.