10 hours ago
Turkey expects no issues with oil and gas supply amid Israel-Iran conflict
ANKARA, June 17 (Reuters) - Turkey expects there to be no issues with oil and gas supply for its domestic demand amid the conflict between Israel and Iran, though energy prices could continue to rise, Energy Minister Alparslan Bayraktar said.
Speaking to reporters late on Monday, Bayraktar said that Turkey would need to replace Gulf crude oil - 20% of Turkey's overall supply - in case of a possible blocking of shipping through the Strait of Hormuz.
But Ankara does not expect any problems on its supply security for oil and natural gas, he added.
