Index Investing News
Sunday, May 11, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Ought to Israel take Turkey’s invasion risk critically?

by Index Investing News
July 29, 2024
in Financial
Reading Time: 5 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


Seventy-five years in the past, Turkey was the primary Muslim nation to enter into diplomatic relations with the State of Israel. Yesterday (Sunday), Turkish president Recep Tayyip Erdogan threatened to invade Israel, in the identical approach as Turkey was concerned within the wars in Libya and Nagorno-Karabakh.

It’s no shock that President Erdogan, Hamas’s closest good friend, ought to once more assault Israel verbally, however even in Israel’s Ministry of International Affairs there was appreciable shock at what Erdogan stated, and final night time the ministry took pains to confirm that he had actually stated it.

Towards the background of the Swords of Iron conflict, Erdogan has introduced relations between Israel and Turkey to new lows virtually by the month, halting flights between the 2 international locations and imposing an embargo on commerce, however his assertion yesterday went approach past such measures. “Netanyahu, perpetrator of genocide of the Palestinians, will meet the identical destiny as Hitler,” the Turkish Ministry of International Affairs stated in an announcement backing the president’s risk.

The place does this extraordinary risk come from, and what was its context? How sturdy is the Turkish navy? Ought to Erdogan’s phrases be taken critically? And the way is Iran, orchestrator of the multi-front battle, concerned in Turkey as properly?

The place did the risk come from and the place was Erdogan talking?

Yesterday, Erdogan attended an occasion of his ruling social gathering AKP (Justice and Growth Celebration) in Rize on the Black Sea. It’s no coincidence that he stated what he needed to say in that exact place. His household’s roots are within the area, and it’s a stronghold of political assist for him.

“Erdogan’s declaration was influenced by the speech of Prime Minister Benjamin Netanyahu within the US Congress,” says Dr. Hay Eytan Cohen-Yanarocak, an professional on Turkey on the Moshe Dayan Middle for Center Jap and African Research at Tel Aviv College and The Jerusalem Institute for Technique and Safety. “For a number of days, Erdogan has been making declarations in opposition to Netanyahu within the Turkish media, and now he has escalated them. “

Erdogan’s risk got here a day after he attacked Palestinian Authority chairperson Mahmoud Abbas (Abu Mazen) in Rize, saying that Abbas had been invited to handle the Turkish parliament in Ankara however hadn’t responded. “He should apologize to us,” Erdogan stated. “Let’s see if he comes.” In response to the newest stories, it might appear that the rebuke had the specified impact. Abbas is because of seem within the Turkish parliament shortly.




RELATED ARTICLES




What embargo? Turkish-made automobiles nonetheless arriving in Israel


Azerbaijani oil continues flowing to Israel through Turkey


Turkey bans exports of all items to Israeli ports






Dr. Gallia Lindenstrauss, a senior analysis fellow on the Institute for Nationwide Safety Research and an professional on Turkish overseas coverage, says that Erdogan has needed to take care of public strain these days following Netanyahu’s look in Congress.

“Turks criticized Erdogan for not having invited Abu Mazen as a counter to Netanyahu’s invitation to Congress. There are additionally critics who’re demanding that Ismail Haniyeh, chairperson of the Hamas Political Bureau, ought to be invited to talk within the Turkish parliament.”

Dr. Cohen-Yanarocak sees Erdogan’s invasion risk as an try to alter the topic of debate. “From the second that he made his extraordinary declaration, that’s what has been talked about. He modified public discourse, and no-one has been commenting on the query why Abu Mazen hasn’t come to the Turkish parliament and why Netanyahu’s speech was so profitable.”

How sturdy is Turkey militarily as compared with Israel?

Within the World Firepower rating for 2024, Turkey is ranked eighth on the planet, whereas Israel is seventeenth. In many of the principal metrics, resembling manpower, floor forces, budgets, and logistics, Turkey is forward of Israel. Then again, Israel beats Turkey for air energy, because of its F-35 plane, which Turkey doesn’t have, due to Erdogan’s insistence on shopping for Russia’s S-400 air protection system.

What’s the state of Turkey-Iran relations?

Iran, which in current months has maintained shut ties with Turkey normally and with its overseas minister Hakan Fidan specifically, is ranked fourteenth by World Firepower.

“In follow, Turkey has been behaving as a rustic nearer to Iran than to the West,” says Dr. Lindenstrauss. “Now we have seen this in Turkey’s threats in opposition to Cyprus, which adopted comparable threats by Hassan Nasrallah. Turkey didn’t condemn the homicide of civilians on the Golan Heights, and when Iran attacked Israel in April, Turkey condemned the ‘Israeli provocation.’ Prior to now, if there have been terrorist assaults in Tel Aviv, for instance, Turkey would specific sympathy. Now, we’re seeing a Turkey that’s utterly hostile to Israel.”

There’s nonetheless a Turkish embassy energetic in Tel Aviv. What’s it doing right here?

“A evident anomaly within the present disaster is that from a diplomatic viewpoint relations haven’t worsened,” Dr. Lindenstrauss says. “The ambassadors in Tel Aviv and in Ankara have been withdrawn for consultations, however diplomatic relations haven’t been downgraded. That explains why there was no motion to shut the embassy. Israel has little interest in including another to the various fronts that it’s dealing with, whereas for the Turks, entry to the Palestinians is necessary, they usually can acquire that through Israel. However, query marks are mounting over diplomatic relations between the 2 international locations.”

What are Israel’s financial pursuits in preserving ties with Turkey?

To begin with, it’s no secret that Turkey was an necessary buying and selling accomplice for Israel, however not, due to the embargo imposed by Erdogan. In response to Turkish statistics, exports from Turkey to Israel in Could this yr amounted to simply $4.42 million, 99% lower than in Could 2023. For 2024 to the top of Could, complete exports from Turkey to Israel fell by 38.4% to $1.42 billion. However, Israel has a transparent curiosity in sustaining some sort of stability in ties between the 2 international locations, so far as attainable, and that curiosity lies in power.

Azerbaijan is a vital provider of oil to Israel, and the oil reaches Israel through the BTC (Baku-Tbilisi-Ceyhan) pipeline. On the port of Ceyhan in southern Turkey, the oil is loaded onto tankers sure for Haifa. In response to the Customs Workplace in Baku, Israel’s oil imports from Azerbaijan shot up by 55% within the first half of 2024, to 1.583 million tonnes, price $989 million.

Regardless of the conflict, and the best way the oil reaches Israel through Turkey, Israel has moved up from the third largest importer of Azerbaijani oil within the first half of 2023 to the second largest within the first half of this yr, when it accounted for 14% of Azerbaijan’s oil exports, second solely to Italy, which imported 4.273 million tonnes. The excellent news for Israel is that Erdogan is an in depth good friend of Azerbaijan’s President Ilham Aliyev. So far as oil is anxious, it’s not simply Israel that’s in a lure; Erdogan is as properly.

All in all, ought to Erdogan’s risk be taken critically?

Dr. Cohen-Yanarocak: “The assertion was made by the president of Turkey, not by some junior politician. Something that the president of the nation says needs to be taken critically.”

Printed by Globes, Israel enterprise information – en.globes.co.il – on July 29, 2024.

© Copyright of Globes Writer Itonut (1983) Ltd., 2024.




Source link

Tags: invasionIsraelthreatTurkeys
ShareTweetShareShare
Previous Post

British American Tobacco: An 8% No-Brainer Earnings Inventory (NYSE:BTI)

Next Post

Dwelling insurance coverage premiums rose 21% in 2023, partly as a result of local weather change

Related Posts

Israel’s cupboard approves bonuses for reservists

Israel’s cupboard approves bonuses for reservists

by Index Investing News
May 11, 2025
0

Because the Israeli military continues calling up reservists for an expanded operation in Gaza, the cupboard has accredited incentives...

Calm Prevails In Punjab, J&Okay, Rajasthan After Understanding Between India— Pakistan To Cease Navy Actions

Calm Prevails In Punjab, J&Okay, Rajasthan After Understanding Between India— Pakistan To Cease Navy Actions

by Index Investing News
May 11, 2025
0

Morning walkers, particularly in border districts like Amritsar, Pathankot and Ferozepur, thanked the nation's armed forces."It's due to our forces...

India-UK FTA welcome transfer; not a lot bearing on automotive costs: Mercedes-Benz, BMW

India-UK FTA welcome transfer; not a lot bearing on automotive costs: Mercedes-Benz, BMW

by Index Investing News
May 11, 2025
0

India-UK FTA boosts commerce, however luxurious automotive costs could not see vital adjustments, say Mercedes-Benz and BMW CEOs. | Photograph...

Gold costs might soar 80% to ,000 by 2029 — Here is how

Gold costs might soar 80% to $6,000 by 2029 — Here is how

by Index Investing News
May 10, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this website constitutes acceptance of our Phrases of Use...

Berlin says scenario in Gaza ‘insufferable’, requires ceasefire: minister

Berlin says scenario in Gaza ‘insufferable’, requires ceasefire: minister

by Index Investing News
May 10, 2025
0

Berlin: Germany's new high diplomat Johann Wadephul referred to as on Saturday for "critical discussions for a ceasefire" in Gaza,...

Next Post
Dwelling insurance coverage premiums rose 21% in 2023, partly as a result of local weather change

Dwelling insurance coverage premiums rose 21% in 2023, partly as a result of local weather change

Seattle space leads the world in large new tech workplace leases

Seattle space leads the world in large new tech workplace leases

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

19 Finest Actual Property Investing Apps We Couldn’t Dwell With out

19 Finest Actual Property Investing Apps We Couldn’t Dwell With out

June 25, 2022
No Free Speech: Georgetown Legislation Prof Pressured Out By Woke Admin

No Free Speech: Georgetown Legislation Prof Pressured Out By Woke Admin

June 7, 2022
Climate Reparations | Armstrong Economics

Climate Reparations | Armstrong Economics

November 23, 2022
Sure, You Can (and Ought to!) Take Time Off

Sure, You Can (and Ought to!) Take Time Off

March 14, 2022
Bitcoin Bulls Keep Pushing, Why Increase Isn’t Over Yet

Bitcoin Bulls Keep Pushing, Why Increase Isn’t Over Yet

January 31, 2024
With midterms rapidly approaching, Dem flip-flopping in now in overdrive

With midterms rapidly approaching, Dem flip-flopping in now in overdrive

October 21, 2022
Republican donors wooed Supreme Court justice with lavish vacation – report — RT World News

Republican donors wooed Supreme Court justice with lavish vacation – report — RT World News

June 22, 2023
Roche send anti-TIGIT makers higher after cancer drug data

Roche send anti-TIGIT makers higher after cancer drug data

August 23, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In