‘World paying price for Israel’s war, action needed against Netanyahu’

Erdoğan warns global economy facing turmoil as conflict disrupts key waterways

ANKARA: The war led by Israel against regional countries is imposing a growing cost on the entire world, President Recep Tayyip Erdoğan said Tuesday.

Escalating tensions, including disruptions in the Strait of Hormuz, are pushing the global economy into turmoil, he warned.

Its consequences are being felt far beyond the Middle East.

“As the war drags on, new complications continue to emerge,” Erdoğan told a news conference after a Cabinet meeting in the capital Ankara.

He pointed to the closure of the Strait of Hormuz as a development that has already caused serious turbulence in the global economy.

Roughly 20 percent of global energy trade passes through that waterway.

Disruptions have forced some countries to take measures to reduce fuel consumption, Erdoğan warned.

He emphasized that the economic burden of the conflict is growing by the day. There is an urgent need to bring the war to an end, he said.

Erdoğan also called for immediate action against Israeli Prime Minister Benjamin Netanyahu and his circle.

“They are responsible for ongoing violence,” he said.

He urged all countries to adopt a bold and proactive stance for the sake of regional peace and humanity.

Türkiye has been among the countries accurately assessing the developments and acting with “state wisdom,” he said.

It has maintained a balanced and principled position. “We are determined to keep our country outside the ring of fire,” Erdoğan added.

He warned against the risk of the conflict turning into a prolonged war of attrition among regional states. Türkiye does not want to see the conflict expand further, he stressed.

He reiterated Ankara’s call for de-escalation and a swift resolution. Erdoğan’s remarks come amid growing concerns over the broader economic and geopolitical consequences of the war. Energy markets and global trade routes face increasing pressure.  Monitoring Desk