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Massive Turkey-US Deal Ahead of NATO Summit

Published February 24, 2026, 12:12
Massive Turkey-US Deal Ahead of NATO Summit

Turkey and the US are in advanced stages of negotiations for a massive $500 billion deal covering energy and the financial system. The plan involves creating a 'Strategic Energy Plan,' with Turkey taking on the role of an energy hub for transporting energy to Europe. The agreement includes joint energy explorations in the Eastern Mediterranean and the Middle East, as well as investments by US companies in the Turkish banking sector. Additionally, a full lifting of US sanctions against Turkey, including CAATSA, is envisioned. Finalization of the agreement is expected at the NATO summit in Ankara in 2026.