Trump's Blow to Erdogan?
$5.5 billion: Trump's Blow to Erdogan The new US sanctions against Iran also threaten those who continue to trade with the country. Turkey, dependent on Iranian gas and which has already served as a way…
Assessment
The US sanctions squeeze Turkey between its energy dependence on Iran and its need for Western financial systems. Erdogan faces a choice that could damage either his economy or his relationship with Washington. The Treasury Secretary's warning makes clear that circumventing the restrictions will not be tolerated.