Turkey’s five-year credit default swap (CDS) premium climbed above 262 basis points, reflecting growing geopolitical risks linked to escalating tensions in the Middle East.
The rise marks the highest level recorded since October 2025, highlighting increased concern among investors about regional instability and its potential economic impact on Turkey.
Middle East Conflict Pressures Markets
Ongoing clashes between the United States and Israel on one side and Iran on the other have become a central focus for global financial markets.
The presence of major oil producers in the region has heightened concerns about energy supply disruptions and rising fuel prices, which are closely watched by investors.
Sharp Increase in Oil Prices
Global benchmark oil prices surged amid the conflict.
The price of Brent Crude Oil rose 12.4% to $102.1 per barrel as of 13:23 on March 9.
Overall, oil prices have climbed 40% over the past week and around 50% over the past month, largely driven by fears that the conflict could affect global energy supply.
Hormuz Strait Disruptions Raise Economic Uncertainty
Concerns have also intensified over shipping disruptions in the strategically vital Strait of Hormuz, one of the world’s most important energy transit routes.
Reports that maritime traffic in the strait has slowed significantly are adding to economic uncertainty about the global outlook, as the waterway handles a large share of the world’s oil exports.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök