Turkey Ready to Act Amid Geopolitical Risks, Says Finance Minister Şimşek

In the face of rising geopolitical tensions, Turkish Finance Minister Mehmet Şimşek has assured the public that Turkey’s economic institutions are fully prepared to take swift and coordinated action to safeguard financial stability and economic resilience.

In a statement shared via his official X account, Şimşek noted that Turkish authorities are conducting multi-dimensional analyses on the potential impact of global unrest on the economy and are actively evaluating a range of detailed scenarios.

“We are analyzing the effects of rising geopolitical tensions on our economy from multiple angles and evaluating all possible scenarios in detail,” Şimşek said.

He emphasized that Turkish institutions are operating in strong coordination and are ready to implement necessary measures decisively and without delay to maintain stability in financial markets and ensure the healthy functioning of the economy.

Addressing speculation over the potential closure of the Strait of Hormuz, a vital maritime trade route, Şimşek urged the public to disregard unsubstantiated economic rumors.

“Please do not give credence to speculative claims regarding our economy in the event of a Strait of Hormuz shutdown,” he stated. “Our program has significantly enhanced Turkey’s resilience to external shocks.”

Reaffirming the government’s commitment to fighting inflation, Şimşek pledged to continue taking all necessary steps to ensure sustained disinflation.

“We are determined in our fight against inflation and will continue to take all the steps required for the continuation of disinflation.”

As global uncertainties mount, Turkey is positioning itself as prepared and vigilant—signaling that its economic management is not reactive, but preemptive, rooted in structured scenario planning and decisive policy action.