Nov 10, 2026, 04:30 AM UTC

U.S. President Donald Trump has stated that military action against Tehran is "effectively over" and that a resumption of war is "highly unlikely," contingent on progress in negotiations regarding Iran's nuclear program and safe transit through the Strait of Hormuz. Speaking at the White House, Trump noted that regional allies favor a peaceful resolution, though he added that the United States remains "ready to strike Iran at any moment" if necessary.

Despite diplomatic signals from Washington, regional friction persists. Iranian media reported three oil tanker fires in the Strait of Hormuz, alongside unconfirmed explosions near Qeshm Island. Meanwhile, Israeli Defense Minister Israel Katz cautioned that Israel’s objectives against Iran are "still not complete."

Sources: Cyprus Mail, Daily Sabah, Sweden Herald, The Guardian, Trend News Agency.

On the 106th day of the trial involving Istanbul Metropolitan Municipality officials and elected Mayor Ekrem İmamoğlu, witness testimony questioned the validity of key state confessions.

During proceedings at the Istanbul 33rd High Criminal Court in Silivri, witness Ali Kaan Yurt testified regarding statements made by defendant Recep Taşçı, who had utilized effective repentance provisions. Yurt told the court that Taşçı admitted to acting under severe duress when providing statements, allegedly saying, "I am under pressure, I have two children. I had to give a statement."

The trial involves 436 defendants, 46 of whom remain in pre-trial detention. Defense attorneys highlighted allegations of coercion surrounding witness statements as hearings continued.

Sources: Cumhuriyet

The Istanbul Chief Public Prosecutor’s Office has expanded an investigation into unusual transactions within capital markets and investment funds in Turkey. The probe began before the fund crisis gained public attention, following requests by prosecutors to the Capital Markets Board (SPK) for records regarding suspicious stock and fund activities.

On 17 September, the SPK ordered the liquidation of several investment funds. The ongoing judicial investigation has since broadened to encompass former Central Bank officials as well as personnel within government ministries and the regulatory board. Recent developments include sequential arrests of several high-level figures previously appointed to public posts.

Sources: Cumhuriyet.

Turkish media reporting has highlighted growing political tension surrounding a major financial fund scandal. Commentators at Turkish daily Cumhuriyet report that the ruling government is attempting to divert public attention from the economic fallout by targeting political opposition figures, particularly Republican People's Party (CHP) leader Özgür Özel.

According to the outlet, official efforts to manage the crisis have failed to satisfy domestic public opinion or international institutions. Rather than addressing the core issues of the embezzlement allegations, authorities are accused of prioritizing agenda management while secondary political developments, such as new party formations, unfold in the background. The situation reflects ongoing struggles over political narrative control in Turkey.

Sources: Cumhuriyet.

Opposition lawmaker Ulaş Karasu has submitted parliamentary questions regarding the Kangal Thermal Power Plant in Sivas, Turkey, where production has halted and workers have been placed on unpaid leave.

Addressing Treasury and Finance Minister Mehmet Şimşek and Labour Minister Vedat Işıkhan, Karasu highlighted that company Konya Şeker originally acquired the facility in 2013 for $985 million. The plant was recently put up for sale with a starting price of $285 million, representing a nominal valuation drop of $700 million.

Karasu questioned the financial and technical reasons behind the steep decline in value and urged the government to nationalise the facility rather than allow its resale to private operators.

Sources: Cumhuriyet.