Iran war hits Turkey's fragile economy as investors flee following oil shock

Iran war hits Turkey's fragile economy as investors flee following oil shock Submitted by Ragip Soylu on Fri, 03/13/2026 - 14:01 Ankara responds by freezing rate cuts, cash injections into the markets and relieving tax on fuel A Turkish Airlines Airbus aircraft at Istanbul International Airport in Istanbul, 12 March 2026 (Amr Abdallah Dalsh/Reuters) Off The US - Israeli war on Iran is starting to weigh on Turkey 's economy, as inflation continues to exceed expectations and Ankara faces both an outflow of foreign investors and a widening current account deficit. Inflation was already on an unfavourable path before the conflict escalated. In February, consumer prices rose by 2.