President Recep Tayyip Erdoğan has warned that the Iran-centred regional crisis is raising energy and transport costs, creating another obstacle for Türkiye’s campaign to reduce inflation.
Speaking after a Cabinet meeting in Ankara, Erdoğan said global oil and diesel prices were being pushed higher by insecurity around the Strait of Hormuz and the wider Middle East conflict.
He nevertheless said the government would maintain policies centred on investment, employment, production and exports. Ankara’s recently announced medium-term programme is intended to guide economic policy over the next three years.
Erdoğan reported that Turkish goods exports reached a record for August, rising 8.1 percent from a year earlier to $23.5 billion. Exports during the first eight months of 2026 were reported at $185 billion.
Energy prices remain a major vulnerability because Türkiye imports much of the oil and gas it consumes. Higher global prices can increase transport and production costs, weaken the trade balance and complicate efforts to stabilize consumer prices.
The government’s challenge will be to protect households and businesses from the external shock without abandoning fiscal and monetary discipline. Developments in Gulf shipping are therefore likely to remain important for Türkiye’s economic outlook.
Sources
Türkiye Today · Reuters
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Zeynep Aziz is a social-affairs specialist, writer and advocate with advanced academic qualifications in both Social Sciences and International Relations. Her multidisciplinary education has given her a strong understanding of society, public policy, human rights and the political forces shaping Turkey’s domestic and international development.
For many years, Zeynep has been actively engaged in social affairs and initiatives supporting the rights and well-being of Turkish citizens. Her work pays particular attention to social equality, democratic participation and the protection of vulnerable and disadvantaged communities.
Women’s rights remain central to her interests and advocacy. She works to raise awareness of the challenges faced by women in Turkey, including discrimination, violence, unequal opportunities and barriers to full participation in political, professional and social life. She strongly supports women’s empowerment, equal access to education and employment, and effective legal protection for women and girls.
Alongside her social work, Zeynep closely follows Turkey’s international relations and foreign policy. She takes a keen interest in Turkey’s relations with Europe, neighbouring countries and international institutions, as well as the impact of regional and global developments on Turkish society.
Through her writing and public engagement, Zeynep seeks to encourage informed discussion, strengthen respect for human rights and contribute to a fairer, more democratic and inclusive Turkey.
Zeynep Aziz
