President Recep Tayyip Erdogan holds a press conference following the Cabinet Meeting at Presidential Complex in Ankara, Turkiye on March 24, 2026. / AA

Erdogan warned that disruptions to shipping in the strait had already triggered serious turbulence in the global economy.

Turkish President Recep Tayyip Erdoğan has sharply criticised Israeli Prime Minister Benjamin Netanyahu over the ongoing Israel–Iran tensions involving the United States, accusing his leadership of deepening instability and threatening regional peace.

President Erdogan said what he described as Netanyahu’s “massacre network” must be stopped immediately in the interest of humanity, urging countries around the world to take a more courageous and proactive stance.

He warned that while the conflict may be driven by Israel, its consequences are global. According to him, the ongoing war is tied to Netanyahu’s political survival, but the cost is being borne by people across the world.

Speaking after a cabinet meeting in Ankara, Erdogan stressed that Türkiye is determined to stay out of the escalating conflict involving Israel and Iran.

He cautioned that the situation risks turning into a prolonged regional war of attrition.

Erdogan said his government is handling the crisis with caution and “state wisdom,” avoiding actions that could draw the country into the conflict.

He added that Türkiye has been among the nations accurately assessing the crisis and acting responsibly amid rising tensions.

Turkiye President also warned against attempts to drag Türkiye into the war, noting that Ankara remains committed to maintaining regional stability and good neighbourly relations.

Highlighting the global economic risks, Erdogan pointed to the strategic importance of the Strait of Hormuz, through which about 20 percent of the world’s oil supply passes.

He said disruptions in the waterway have already caused significant turbulence in the global economy.

Erdogan called for an immediate end to what he described as an unlawful war, warning that prolonged conflict could inflict long-term damage on the global economic system.

He urged the reopening of dialogue channels and meaningful negotiations.
He also criticised Israel’s stance, saying its uncompromising and hardline approach should not be allowed to undermine diplomatic efforts.

Despite the tensions, Erdogan reaffirmed Türkiye’s commitment to pursuing peace, justice and stability through diplomatic means.

On the economic front, he said the government is taking steps to shield citizens from the impact of rising oil prices, including measures to stabilise fuel costs.

He added that Türkiye’s economy remains resilient and capable of withstanding external shocks.

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