Turkey expects stable oil supply despite Israel-Iran conflict, warns on prices

Turkey’s Energy Minister Alparslan Bayraktar said late on Monday that the country does not anticipate any disruption to its oil and gas supplies amid the ongoing conflict between Israel and Iran.

Speaking to reporters, Bayraktar noted that while energy prices may continue to rise, Turkey’s domestic demand will be met without issue.

He added that Turkey might need to find alternatives to Gulf crude oil, which accounts for 20 percent of its supply, if shipping through the Strait of Hormuz is blocked.

However, Ankara remains confident its overall energy security will hold steady.