Turkey
Turkey digs into its gold to save the lira
Turkey’s central bank is reportedly exploring new ways to stabilize its currency as regional tensions linked to the conflict in Iran ripple through global markets.
Turkish police detained 110 suspects in an operation against Islamic State on Tuesday, a day after three police officers and six militants were killed in a gunfight in northwest Turkey, the Istanbul chief prosecutor’s office said.
Turkish gendarmerie special forces team leaves the site where Turkish security forces launched an operation on a house believed to contain suspected Islamic State militants, and where, according to state media, seven officers were wounded in a clash, in Yalova province, Turkey, December 29, 2025. Reuters/Umit Bektas
Turkish police detained 110 suspects in an operation against Islamic State on Tuesday, a day after three police officers and six militants were killed in a gunfight in northwest Turkey, the Istanbul chief prosecutor’s office said.
Police conducted an eight-hour siege at a house in the town of Yalova, on the Sea of Marmara coast south of Istanbul, a week after more than 100 suspected IS members were detained in connection with alleged plans to carry out Christmas and New Year attacks.
Eight police officers and another security force member were wounded in the raid on the property, which was one of more than 100 addresses targeted by authorities on Monday.
In Tuesday's operation, police carried out raids on 114 addresses in Istanbul and two other provinces, arresting 110 of the total 115 suspects that they sought, the prosecutor's statement said. It said various digital materials and documents were seized.
Turkey has stepped up operations against suspected IS militants this year, as the group returns to prominence globally.
The U.S. carried out a strike against the militants in northwest Nigeria last week, while two gunmen who attacked a Hanukkah event at Sydney's Bondi Beach this month appeared to be inspired by IS, Australian police have said. On December 19, the U.S. military launched strikes against dozens of IS targets in Syria in retaliation for an attack on American personnel.
Almost a decade ago, the jihadist group was blamed for a series of attacks on civilian targets in Turkey, including gun attacks on an Istanbul nightclub and the city's main airport, killing dozens of people. Turkey was a key transit point for foreign fighters, including those of IS, entering and leaving Syria during the war there.
Police have carried out regular operations against the group in subsequent years and there have been few attacks since the wave of violence between 2015-2017.
Reporting by Daren Butler
Turkey’s central bank is reportedly exploring new ways to stabilize its currency as regional tensions linked to the conflict in Iran ripple through global markets.
Turkey "is playing a role passing messages" between Iran and the U.S. to encourage de-escalation and direct negotiations, Harun Armagan, vice chair of foreign affairs for President Tayyip Erdogan's ruling party, told Reuters on Wednesday.
U.N. Security Council members have begun negotiating resolutions to protect commercial shipping in and around the Strait of Hormuz, including a Bahraini draft that would authorise the use of "all necessary means" — language France has warned will be difficult to adopt.
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