live Hormuz traffic slows as uncertainty over waterway persists
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
Türkiye has reinforced its strategic partnership with Hungary, expanding cooperation in trade, energy, defence, and innovation following high-level talks between President Recep Tayyip Erdoğan and Hungarian Prime Minister Viktor Orbán in İstanbul.
The two leaders met at the Dolmabahçe Presidential Office, where they emphasised strengthened bilateral relations and set new targets for the coming years. Erdoğan noted that the countries are close to meeting their existing goal of $6 billion in trade and said both sides now aim to raise this to $10 billion.
Agreements were signed across defence, energy, transportation, culture, education, and technology, bolstering the institutional framework that underpins the partnership. Viktor Orban said that Türkiye also confirmed its continued facilitation of Russian oil and natural gas supplies to Hungary, transferring 7.5 billion cubic metres of natural gas in 2025 — a role that has become central to Europe’s wider energy security.
Speaking to AnewZ, political analyst Zoltan Egeresi said Hungary’s strategic alignment with Türkiye reflects changing geopolitical realities. “From Hungary’s perspective, Türkiye is a key country in terms of security,” he said, noting that Ankara’s position between Europe and Asia gives it a unique influence. He added that the experience of the 2015–2016 migrant crisis demonstrated how developments in the Middle East and North Africa “somehow affect the Balkans and Central Europe”, making cooperation with Türkiye essential.
The meeting also marked 2025 as the Türkiye-Hungary Science and Innovation Year, during which 28 joint initiatives in research, digitalisation, artificial intelligence, and entrepreneurship have been launched.
Egeresi told AnewZ that deeper defence and energy cooperation will continue to shape the partnership. “Our trade is booming,” he said, pointing to the new $10 billion target. From his perspective, the close political dialogue “will open the way for further trade agreements and investment opportunities”, as Turkish companies expand in Hungary and Hungarian firms enter the Turkish market.
Erdoğan also underscored Türkiye’s diplomatic efforts towards peace in Ukraine and acknowledged Hungary’s support for Türkiye’s EU accession ambitions. The two sides agreed to establish a joint planning group led by their foreign ministers to coordinate on bilateral and global issues.
Both governments signalled that the expanding cooperation — particularly in defence production — reflects a growing alignment on regional security. Egeresi said that, since 2016, Budapest has been “one of the loudest supporters of Türkiye”, adding that Hungarian policymakers view Türkiye’s stability as “not just important for Hungary itself, but generally for the region”.
The discussions highlighted Türkiye’s role as a stabilising regional actor and set the stage for deeper economic, energy, and technological collaboration in the years ahead.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
South Korea's presidential Blue House said on Monday it was reviewing U.S. President Donald Trump's comments on scaling back joint military drills. It added that it hoped a favourable relationship between Washington and Pyongyang could lead to meaningful talks.
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow Mayor Sergei Sobyanin.
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South Korea and the United States are scaling back their annual joint military exercises following an order from U.S. President Donald Trump to substantially reduce American participation.
The United States is pushing to establish a formal deconfliction mechanism between Israel, Türkiye and Syria after Israeli airstrikes on a Syrian airbase raised concerns about the risk of a wider regional confrontation.
U.S. President Donald Trump has paused a planned 50 per cent tariff increase on Canadian goods for three days, saying Washington and Ottawa had reached a preliminary agreement.
A federal judge has allowed the Trump administration to move forward with ending Temporary Protected Status (TPS) for thousands of Ethiopian nationals living in the United States, removing one of the last major legal obstacles to a broader effort to roll back humanitarian immigration protections.
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