Erdogan Warns Global Economic Impact of Middle East Conflict

Turkish President Recep Tayyip Erdogan has warned that the escalating conflict in the Middle East is having far-reaching economic implications, not just for regional countries but globally. In a speech to the public following a cabinet meeting, Erdogan stated that 'the bill for the war that erupted due to Israeli provocations is being paid not only by the Iranian people but by the entire world.'

The Turkish president emphasized that the impact of the conflict is becoming evident in energy markets, with rising oil prices affecting numerous countries, including the United States. Criticizing Israel's policy, Erdogan cautioned against continuing a 'radical approach,' warning that crises would not subside without a change.

Erdogan reaffirmed that Turkey will continue its economic policy focused on supporting production, investment, and achieving growth, despite rising energy prices and regional turmoil. The Turkish president insisted that his government will not retreat from combating inflation, despite internal and external challenges facing the economy.