The Zangezur Corridor, a route through Armenia linking Azerbaijan and Türkiye, will be built and managed by Americans and will pass along the Iranian border, creating winners and losers
Donald Trump's ambassador to Türkiye and envoy to Syria has been having some critical conversations in regional capitals since April, from disarming Hezbollah to preventing another war with Israel
Türkiye's 2019 agreement with Tripoli on maritime boundaries and exclusive economic zones in the Mediterranean irked Athens at the time. The idea that Tobruk may ratify it has set off Greek alarms.
Ankara watched and learned from events in June 2025, as missiles flew between Tel Aviv and Tehran. The Middle East is changing, as is warfare and intelligence. For Türkiye, it is time to to act.
Ankara and Tel Aviv have been at each other's throats for years, not least over Gaza, while a change in leadership in Syria has thrown fuel on the fire. Thankfully, there are deconfliction mechanisms.
Türkiye hailed the move to dissolve what it deems a terrorist group that claimed over 40,000 lives, but vows the fight would continue should the process collapse
Legislation to fund the American military and intelligence services will include requirements that Israeli defence firms be involved in sensitive projects and that classified information be shared
Even if diplomatic progress continues, the Strait could be closed again. As a result, the geopolitical risk premium attached to Gulf energy exports is unlikely to disappear entirely.