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Turkey's Middle East oil dependence manageable at 10% of supply amid Iran war

Energy Markets & PricesGeopolitics & WarTrade Policy & Supply ChainCommodities & Raw MaterialsEmerging Markets

Turkey's dependence on Middle East oil is 10% of overall supplies, which Energy Minister Alparslan Bayraktar described as at a minimum and "manageable". He said there are currently no supply problems despite the Iran war, suggesting limited near-term disruption risk to Turkish energy imports.

Analysis

Turkey's dependence on Middle East oil is 10% of overall supplies, which Energy Minister Alparslan Bayraktar described as at a minimum and "manageable". He said there are currently no supply problems despite the Iran war, suggesting limited near-term disruption risk to Turkish energy imports.

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