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Turkish Finance Minister: Impact of Iran War Contained if Not Prolonged

Published March 17, 2026, 14:08
Turkish Finance Minister: Impact of Iran War Contained if Not Prolonged

Turkish Finance Minister Mehmet Simsek assessed the potential impact of the war in Iran on the Turkish economy. If the war lasts 1-2 months, the consequences are considered manageable, but a prolonged conflict could negatively affect the current account deficit and inflation. Turkey has activated mechanisms to mitigate the increase in oil prices, but this measure has a limited duration. Simsek estimated that inflation will continue to decline despite potential disruptions, while the current account deficit remains the main area of concern.