The price of war is rising

A report by The Economic Policy Research Foundation of Turkiye (TEPAV) has revealed that the war has turned into a supply crisis. Supply chains ranging from petrochemicals to fertilisers, and from critical metals to helium, have reached breaking point. According to the report, whilst the Turkish economy faces significant cost pressures from the loss of $3 billion in industrial inputs from the Gulf, the reshaping of logistics routes could lead to varying outcomes.