Iran05 March, 20261 min read
Turkey Emerges as Regional Power Broker Amid Iran-US Conflict
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Turkey gains strategic weight as regional broker amid Iran-US tensions. Ankara calls for restraint and warns of regional nuclear arms escalation.
Turkey's Rising Strategic Role
The US-Israeli strikes on Iran have shifted the regional balance, elevating Turkey as the most capable non-Arab Muslim power. Al-Monitor reports that the missile Turkey intercepted from Iran is unlikely to upend Ankara's careful balancing between Tehran and its Western allies. Turkish Foreign Minister Fidan warned a regional nuclear arms race would begin if Tehran acquired atomic weapons.
Turkey Facilitates Iran-US Talks
The latest round of Iran-US talks took place without direct contact, mediated by Gulf and regional powers. Oman hosted the talks, while Qatar balances hosting a US air base and maintaining functional ties with Tehran. Saudi Arabia, after years of confrontation, adopted a more cautious posture.
Economic Shockwaves Hit Asia
Emerging Asian central banks face a difficult trade-off between underpinning growth and countering inflation. The Reserve Bank of India expects to focus on supporting growth but may have to intervene in currency markets. Share markets plunged and the safe-haven US dollar rose in Asia as oil surged past $110 a barrel.