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FİDAN UNEASY ABOUT INCREASING SCRUTINY
Deciphering Turkish Diplomacy Aug 1, 2025

FİDAN UNEASY ABOUT INCREASING SCRUTINY

The debate kicked off following an article by journalist Zeynep Gürcanlı, who asked why Turkey did not join the statement issued by the Hague Group during their meeting in Bogota on July 16. Turkey was among 30 countries at the Bogota conference, yet opted not to sign the statement, which included measures against Israel. Among these measures are the denial of arms to Israel, a ban on ships transporting such arms, and a review of public contracts for possible links to companies that benefit from the Israeli occupation.

Barçın Yinanç
CENTRAL BANK CUTS RATES BY 3 POINTS DESPITE ONGOING INFLATION RISKS
Economy and Finance Jul 25, 2025

CENTRAL BANK CUTS RATES BY 3 POINTS DESPITE ONGOING INFLATION RISKS

The Central Bank lowered its one-week repo rate from 46% to 43% on July 24, despite warning signs that inflation pressures persist. This was the first cut following the April rate hike. The Monetary Policy Committee also reduced the overnight lending rate from 49% to 46% and the overnight borrowing rate from 44.5% to 41.5%. While June’s core inflation trend remained unchanged, preliminary indicators pointed to a temporary rise in July inflation due to month-specific factors.

Editorial Team
TURKEY RESHAPES OIL TIES WITH IRAQ
Foreign Affairs Jul 25, 2025

TURKEY RESHAPES OIL TIES WITH IRAQ

After a decision to terminate the 1973 crude oil pipeline agreement with Iraq as of July 27, 2026, Turkey started negotiations with the Iraqi central government for a more comprehensive agreement on the transportation of Iraqi oil. The move is not a withdrawal from the partnership but a strategic reset. Under the 1973 agreement and its supplementary protocols, either party must notify the other at least one year before expiry if it intends to terminate the deal. If no such notice is given, the contract automatically renews for five years. Turkey has now officially informed Iraq of its intent to withdraw, preventing automatic renewal and opening space for renegotiation.

Editorial Team
OLIVE GROVES OPENED TO MINING DESPITE OUTCRY
Inside Turkey Jul 25, 2025

OLIVE GROVES OPENED TO MINING DESPITE OUTCRY

Parliament passed a legislative package on July 19 that enables mining in olive groves, triggering protests from opposition parties, locals, and environmental groups. The bill, which the AKP says is to address Turkey’s energy needs, passed with 255 votes in favor and 199 against.

Editorial Team
U.S. TARGETS IRANIAN OIL NETWORK OPERATING VIA TURKEY, UAE AND HONG KONG
Foreign Affairs Jul 14, 2025

U.S. TARGETS IRANIAN OIL NETWORK OPERATING VIA TURKEY, UAE AND HONG KONG

The United States has imposed sanctions on 22 entities linked to a shadow banking network accused of facilitating illicit oil trade on behalf of the Iranian regime. The network operates through front companies based in Turkey, the United Arab Emirates, and Hong Kong, funneling revenue to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), the U.S. State Department announced on July 9.

Editorial Team
12 SOLDIERS KILLED, QUESTIONS UNANSWERED
Security and Defense Jul 11, 2025

12 SOLDIERS KILLED, QUESTIONS UNANSWERED

The Defense Ministry announced that 12 soldiers died on July 6 from methane gas during a search of a cave previously used as a hospital by the PKK in northern Iraq. Opposition parties called for a parliamentary commission to investigate whether the necessary precautions, including the use of gas masks and detectors, were taken when the soldiers entered the cave, but this proposal was rejected by AKP and MHP votes.

Editorial Team
U.S. TARGETS IRANIAN OIL NETWORK OPERATING VIA TURKEY, UAE AND HONG KONG
Foreign Affairs Jul 11, 2025

U.S. TARGETS IRANIAN OIL NETWORK OPERATING VIA TURKEY, UAE AND HONG KONG

The United States has imposed sanctions on 22 entities linked to a shadow banking network accused of facilitating illicit oil trade on behalf of the Iranian regime. The network operates through front companies based in Turkey, the United Arab Emirates, and Hong Kong, funneling revenue to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), the U.S. State Department announced on July 9.

Editorial Team
KÖPRÜ
Word of the Week May 30, 2025

KÖPRÜ

In Turkey, a köprü (bridge) is never just a bridge. This week, the Bosphorus Bridge—officially renamed the “15 July Martyrs Bridge” after the 2016 coup attempt—became a stage for protest. A group of CHP deputies climbed onto the structure and unfurled a massive banner reading: “Free İmamoğlu” right before the CHP leader and his guests from the Socialist International would cross it. The message was direct: release Istanbul’s elected mayor, jailed on charges widely condemned as political. Only a few hours before that, the members of the Socialist International had raised a similar banner in their meeting.

Nazlan Ertan