Halkbank Case: A Diplomatic Chess Game

Turkish officials proposed a $100 million settlement to resolve U.S. charges against Halkbank during a White House meeting with Trump. The bank faces allegations of helping Iran evade U.S. sanctions and has pleaded not guilty. U.S.-Turkey relations could warm if a settlement is reached.

In a notable diplomatic move, Turkish officials proposed a $100 million settlement for state lender Halkbank's legal troubles in the U.S. during a White House meeting with President Trump last month.

Halkbank, charged with fraud for allegedly aiding Iran in dodging U.S. sanctions, denies guilt, a priority for the Turkish government. The meeting, also attended by Turkish President Erdogan, sought to bolster relations strained by Turkey's purchase of Russian missile systems.

The U.S. Supreme Court's refusal to hear Halkbank's appeal signals potential trial proceedings unless a settlement is reached. The bank continues to negotiate terms, hoping to ameliorate bilateral ties through diplomatic dialogue.

(With inputs from agencies.)