US to end prosecution of Turkiye’s Halkbank over alleged business with Iran

U.S. prosecutors have announced the termination of their case against Turkiye's state-owned Halkbank, which faced charges of aiding Iran in evading sanctions. The decision follows Turkiye's reported assistance in brokering a ceasefire and facilitating the release of captives from Gaza, according to U.S. officials. This development resolves a long-standing legal battle that strained diplomatic relations between Washington and Ankara. The move suggests a strategic foreign policy consideration influenced the legal outcome, potentially signaling a shift in bilateral ties. The termination of the prosecution concludes a significant chapter in U.S. efforts to enforce sanctions against Iran.