Turkish Foreign Minister Hakan Fidan accused Israel at the Antalya Diplomacy Forum of using security as a cover for territorial expansion, naming Prime Minister Benjamin Netanyahu directly and characterizing Israeli military activity across Gaza, the West Bank, East Jerusalem, Lebanon, and Syria as sustained "occupation and expansionism." The remarks follow a sharp public exchange that opened in mid-April when Netanyahu posted criticism of President Erdogan on X, drawing a response from the Turkish foreign ministry that described Netanyahu as "the Hitler of our time." Days before his Antalya speech, Fidan separately said Israel "cannot live without an enemy" and was treating Turkiye as its next strategic adversary, a framing he called "state strategy." The diplomatic deterioration traces to October 7, 2023, when Hamas attacks triggered Israel's Gaza campaign. Since then, Turkiye has escalated rhetorical pressure and joined coordinated diplomatic efforts with Pakistan and Egypt during the US-Israeli conflict with Iran. Ankara's posture increasingly blends regional leadership signaling with direct bilateral confrontation. For analysts watching Turkey-Israel relations, the live variable is whether Ankara converts rhetorical escalation into concrete policy steps, trade restrictions, formal alliance-building, or multilateral legal action, and how Washington, a treaty ally of both, manages the widening rift.
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.