TransAtlantic Petroleum CEO Malone Mitchell III stated that the Diyarbakır Basin in southeastern Türkiye could produce up to 250,000 barrels of oil per day (bpd) and 25 million cubic meters of gas daily, covering about a quarter of national oil demand. The basin holds an estimated 6.1 billion barrels of oil. A joint venture with TPAO and Continental Resources plans 24 horizontal wells over three years, with potential for 25 rigs in five years. Mitchell highlighted Türkiye's stability as a key factor for investment. This development could significantly reduce Türkiye's energy import dependency and attract further foreign investment.

Turkey and Egypt signed a defense cooperation MoU in Ankara on July 13, 2026, marking a further step in the normalization of bilateral ties after years of strained relations. The agreement, signed by Turkish Defense Minister Yaşar Güler and Egyptian Defense Minister Lt. Gen. Ashraf Salem Zaher, covers defense cooperation and follows recent coordination on maritime routes and Gaza humanitarian efforts, reflecting growing alignment amid regional tensions.

Türkiye has criticized the European Union's appointment of a new special representative for Cyprus, accusing the bloc of maintaining a biased approach. Ankara argues that the EU lost its neutrality when it admitted the Greek Cypriot administration in 2004 despite its rejection of the UN-backed Annan Plan. The TRNC Foreign Ministry issued a statement condemning the appointment as provocative and unlawful, asserting it was made without Turkish Cypriot consent and disregards the will of the Turkish Cypriot people. The ministry declared that a lasting settlement requires cooperation based on sovereign equality and equal international status for both sides. It warned that EU attempts to pressure Turkish Cypriots are doomed to failure and said the Turkish Cypriot side will consider EU actions null and void as long as the bloc disregards their sovereign equality and equal international status. Türkiye reiterated its support for a two-state solution, while the UN continues to back a federal framework. The development underscores ongoing tensions between Ankara and Brussels over the Cyprus issue.

Turkey's state energy company BOTAŞ started construction of a fourth LNG storage tank at the Marmaraereğlisi terminal, increasing capacity from 255,000 to 415,000 cubic meters. The expansion aims to enhance energy security, supply flexibility, and resilience against global market fluctuations, supporting Turkey's National Energy and Mining Policy.

Turkish Vice President Cevdet Yılmaz, speaking at a symposium organized by SETA in Ankara on July 13, 2026, stated that state institutions learned lessons from the July 15, 2016 coup attempt by FETÖ, leading to comprehensive restructuring and enhanced security capacity. He emphasized remaining vigilant against similar networks and continuing international efforts against FETÖ. Yılmaz noted that cross-border operations against terrorist groups began immediately after the coup attempt, and that purging FETÖ members allowed institutions, especially the army, to fulfill their true duties more effectively. He highlighted reforms in security, public administration, intelligence, and the judiciary, which strengthened coordination, accelerated decision-making, and increased the state's crisis maneuverability.

Greek Foreign Minister George Gerapetritis defended the policy of maintaining dialogue with Türkiye, warning that closing communication channels would be a 'policy of destruction.' He emphasized the need to resolve the casus belli issue over Aegean maritime borders, which has long burdened bilateral relations. The remarks come amid ongoing rapprochement efforts and follow Greek PM Kyriakos Mitsotakis's recent visit to Ankara for a NATO summit, where he called on NATO to be sensitive toward Türkiye's 'open threat of war.'

The Defence and Security Resilience Bank (DSRB) is a proposed multilateral financial institution aimed at bolstering allied defence capabilities, initially driven by Canada. Today, Türkiye has officially informed Canada that it will participate in the DSRB as a founding member, joining eight other countries: Albania, Belgium, Greece, Latvia, Luxembourg, Romania, and Ukraine. Canadian Prime Minister Mark Carney announced the commitments at a NATO summit in Ankara. The DSRB, based in Canada, is backed by major global banks including JPMorgan, Deutsche Bank, Commerzbank, ING, and several Canadian banks, and seeks to raise up to $134 billion in cheap financing for allied defense.

Turkish National Intelligence Organization (MIT) captured Talip Güler, a senior Daesh figure codenamed "Abdüsselam Türki," in Syria and brought him to Turkey. Güler was on Turkey's most wanted list and coordinated activities for the group alongside his brother, who was captured in 2021. The operation is part of ongoing Turkish counterterrorism efforts against Daesh.

Turkey's current account deficit narrowed to approximately $1.46 billion in May 2026, the lowest since October 2025, driven by a strong services surplus despite higher energy costs. The Central Bank data showed the 12-month rolling deficit fell to about $37.3 billion. Treasury and Finance Minister Mehmet Şimşek said the deficit remained at sustainable levels despite global shocks, supporting macro-financial stability. Trade Minister Ömer Bolat expects the deficit to ease to between $12 billion and $12.5 billion in the second quarter, helped by a 10.2% increase in goods exports and a 9.1% improvement in the foreign trade deficit.

Rear Admiral Hasan Özyurt, currently at ULAQ Global, publishes a technical analysis arguing that effective maritime anti-drone warfare (ADW) against Tier 2 OWA drones demands a complete kill chain. He concludes that compact AESA radar is essential for detection, multi-spectral electro-optic systems for identification and fire control, and precision-guided light missiles (SAL and IR/IIR) as the optimal hard-kill effector for unmanned surface vessels, balancing kill probability and cost-exchange ratio. The analysis emphasizes that matching sensors and effectors to the physical and economic realities of the threat is critical to closing the kill chain and preventing leakers.

Background: Turkey's retail sales volume rose 21.2% year-on-year in March 2026, the fastest since February 2024. In May 2026, retail sales growth accelerated to 13.7% year-on-year from 11.7% in April, driven by non-food purchases (up 17.5%), with computers, books, and telecommunications equipment surging 23.5%. Monthly sales rebounded 2.4% after a 1.6% decline in April, indicating resilient consumer demand. Online retail sales grew 16.2% year-on-year, slowing from 18.8% in April. Food sales rose 9.1%, and automotive fuel sales increased 3.2%.

Turkish National Defense Minister Yasar Guler hosted Egyptian Armed Forces Commander-in-Chief and Defense Minister Lt. Gen. Ashraf Salim Zahir in Ankara on 13 July 2026. The visit included a military ceremony and closed-door talks, underscoring ongoing defense diplomacy between Turkey and Egypt.