Washington concludes bank creation talks as Turkish missiles remain Erdogan's final challenge

The United States has begun to close the legal case filed against Türkiye's state-owned "Çalık Bank," a significant step that represents one of the most prominent points of contention between the two countries ahead of the NATO summit in Ankara next month. The charges against the bank included fraud against the United States and money laundering, particularly concerning its role in helping Iran evade U.S. sanctions through the "oil-for-gold" scheme. This decision comes amid a noticeable improvement in U.S.-Turkish relations, as several contentious issues have decreased, although the Russian S-400 missile defense system remains the main obstacle to fully normalizing relations between the two countries.

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