Middle East Tensions and Rising Oil Prices Shake Markets: Sharp Decline in BIST 100 and Banking Index

War Scenarios in the Middle East and Oil Supply A market analysis published by İktisatbank indicates that tensions between the U.S.
and Iran have reached a critical stage.
Concerns over the Strait of Hormuz, a vital global energy corridor, have intensified following military movements in the region and a 15-day period granted by U.S.
President Trump regarding Iran's nuclear program.
As a result of these developments, the price of Brent crude oil surpassed $72 per barrel, marking an 18% increase since the beginning of the year.
Plans for a joint naval exercise between Iran and Russia have further deepened market anxieties.
As investors turned toward safe-haven assets, gold prices stabilized around $5,000 per ounce, while silver reached $78 per ounce.
In Asian markets, the Tokyo stock exchange lost 1.2%, while U.S.
markets ended the day with limited declines.
Analysts point out that military activity in the region maintains global inflationary pressure through rising energy costs.
Sharp Losses in Borsa Istanbul and TL Assets Turkey's position as an energy importer directly reflected the negative impact of rising oil prices on inflation and the current account deficit within Turkish financial markets.
The BIST 100 index closed the day with a 3.2% loss, while the decline in the banking index, where selling was concentrated, reached 4.4%.
Turkey's 5-year CDS risk premium increased by 10 basis points to reach 228, and an increase of nearly 1 percentage point was observed in bond yields.
The report emphasized that the spread of selling pressure across Turkish Lira-denominated assets necessitates a cautious stance among market participants.