Türkiye’s Energy Minister Alparslan Bayraktar warned that every $1 increase in oil prices adds approximately $400 million to the country’s energy bill, highlighting growing fiscal risks amid escalating geopolitical tensions. Following a sharp surge in Brent crude triggered by the US/Israel-Iran conflict, Ankara is now reassessing electricity and natural gas pricing for April while maintaining … Continue reading Türkiye Faces Rising Energy Costs as Oil Price Spike Adds $400 Million per $1 Increase