$115<\/strong>\u00a0and has reached almost 2 times its price since the beginning of the year. The Strait of Hormuz effectively approaching closure, together with insurers cancelling policies for ships in the region, directly undermined security of supply.<\/p>\nThis constraint in energy supply not only raises prices, but shakes industrial production from its foundation. In particular, factories operating in energy-intensive sectors began to lower their production capacity due to increased costs and possible energy cuts. This is considered to be the leading tremors of a global supply shock.<\/p>\n
Iran War and Raw Material Supply Crisis<\/h3>\n
One of the biggest threats to global production networks\u00a0Raw Material<\/strong>\u00a0It stands out as a blockage in its supply. The shipment of petrochemical products from the region, fertilizer components, and some rare elements vital to technology production came to a halt.<\/p>\n\n- Raw Material Access:<\/strong>\u00a0Manufacturers seek alternative funding, but logistical barriers make this transition difficult.<\/li>\n
- Cost Edition:<\/strong>\u00a0Increasing energy prices are pushing up raw materials processing costs, creating an inflationary pressure on final product prices.<\/li>\n<\/ul>\n
Astronomical Increase in Freight Prices<\/h3>\n
The cost of the \"navlun\" in shipping was almost out of control within ten days. On routes linked to the Middle East and India, freight prices are observed to increase between 3 and 5 times.<\/p>\n
For safety reasons, giant container ships that opt to navigate Cape \u00dcmit instead of the Suez Canal both extend delivery times by two weeks and double fuel costs. This logistical gridlock causes equipment imbalance in ports, while causing exporters to face order cancellations.<\/p>\n
The Effects of the Iranian War on Tourism<\/h3>\n
The effects of the Iran War on Turkish tourism<\/strong>It is closely followed, especially in terms of tourist mobility from Iran and Gulf countries. The shadow of the war fell not only on the factories but also on the resorts. The perception of a \"safe zone\" in global tourism is changing rapidly.<\/p>\n\n- Turkish Tourism:<\/strong>\u00a0Due to geographical proximity, Turkey was faced with a massive wave of cancellations, especially for Nevruz and the upcoming holiday period. Expected tourist flow from Iran and Gulf countries decreased by 80 percent in ten days. Tourism activities have come to a standstill in our eastern provinces, while sector representatives describe this process as the most severe crisis in recent years.<\/li>\n
- World Tourism:<\/strong>\u00a0Tourism throughout the Middle East has suffered serious damage. Tourists have begun to prefer routes further away to the conflict zone, such as Europe or South America, rather than Dubai and surrounding destinations. The increase in accommodation and transportation costs is another element that suppresses travel appetites around the world.<\/li>\n<\/ul>\n
General Assessment<\/h3>\n
The effects of the Iranian War on global trade<\/strong>In many sectors, including energy, logistics, production and tourism, new risks are emerging. This painting, which we face on the tenth day of the war, reminds us of the early days of that great global pandemic in 2020. At the time, borders were closed due to a biological virus, and today a geopolitical crisis has paralysed the lifebloods of global trade.<\/p>\n\n- Pandemic Silence in Production:<\/strong>\u00a0In the pandemic, we witnessed factories closing and shelves empty. At the moment, the constraints in energy supply and critical\u00a0Raw Material<\/strong>\u00a0Cutting off the flow triggers a similar production crisis. Production bands began to take on the silence that \"we are waiting for parts and energy\" just as they did during quarantine days.<\/li>\n
- Price Shock and Inflation:<\/strong>\u00a0The fact that oil has already exceeded the $90 threshold and that freight prices are out of control puts a much faster and harder version of that famous wave of inflation after the pandemic in front of us. In 2020, rising costs due to logistical blockages are directly targeting the consumer's pocket, combined with the high risk premium created by the war today.<\/li>\n
- Travel and Confidence Perception:<\/strong>\u00a0Just like that deep state of uncertainty in the pandemic, markets today cannot predict what the next move will be. The sudden course changes in tourism and the search for safe harbors remind us of those old days of \"restriction\" only this time with a much more dangerous scenario.<\/li>\n<\/ul>\n
In short, while the world economy has just wrapped up the wounds of the pandemic, it is now entering a much more complex process of \"economic isolation\". If the diplomatic channels don't activate as soon as possible, those supply crises we're familiar with from the pandemic era could become much more permanent and devastating this time around.<\/p>","protected":false},"excerpt":{"rendered":"
K\u00fcresel Ticaretin Yeni Pandemisi \u0130ran Sava\u015f\u0131\u2019n\u0131n 10. g\u00fcn\u00fc, k\u00fcresel ekonomi a\u00e7\u0131s\u0131ndan yeni risklerin daha belirgin hale geldi\u011fi bir d\u00f6neme i\u015faret ediyor. 28 \u015eubat gecesi ba\u015flayan askeri hareketlili\u011fin ard\u0131ndan enerji fiyatlar\u0131, hammadde tedariki, navlun maliyetleri ve k\u00fcresel ticaret rotalar\u0131 \u00fczerindeki belirsizlik giderek derinle\u015fiyor. \u0130ran Sava\u015f\u0131\u2019n\u0131n 10. G\u00fcn\u00fcnde Petrol Fiyatlar\u0131 \u0130ran Sava\u015f\u0131, enerji maliyetlerinin yan\u0131 s\u0131ra k\u00fcresel […]<\/p>\n","protected":false},"author":6,"featured_media":30215,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,10,108],"tags":[1424,1463,1056,192,273,226,716,1916,725,1212],"class_list":["post-30212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-genel","category-guncel","tag-deniz-tasimaciligi","tag-dunya-ekonomisi","tag-ekonomi","tag-enflasyon","tag-hindistan","tag-iran","tag-navlun","tag-orta-dogu","tag-petrol","tag-turizm"],"_links":{"self":[{"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/posts\/30212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/comments?post=30212"}],"version-history":[{"count":4,"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/posts\/30212\/revisions"}],"predecessor-version":[{"id":31416,"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/posts\/30212\/revisions\/31416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/media\/30215"}],"wp:attachment":[{"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/media?parent=30212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/categories?post=30212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inovakademi.com\/en\/wp-json\/wp\/v2\/tags?post=30212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}