Israel's missile attacks on Iran will impose a heavy cost on the Turkish economy.

Following the attacks, oil prices surged by over 10% in a single day. This increase will automatically raise fuel prices in Turkey.

Fuel price hikes may lead to a new wave of price increases across all goods and services, especially food. This situation could trigger inflation and raise interest rates.

Due to Turkey's dependence on oil, every increase in oil prices directly affects fuel prices. Therefore, if this trend continues, a new wave of price hikes is expected in Turkey.

Food prices, already pressured by drought and frost, may rise further due to fuel price increases. This could deepen unemployment and poverty rates.

In the coming days, a further increase of 1.5 lira in both gasoline and diesel prices is expected. This could diminish the impact of salary increases made in July.