Attempted Turkey Coup May Imperil Region’s Crude Transport
- Shipping lanes are said to be uninterrupted following unrest
- Crude prices may rise if tankers can’t move through straits
Turkish military sets up a road block in Istanbul.
Photographer: Gurcan Ozturk/AFP/Getty ImagesThis article is for subscribers only.
The attempted military coup in Turkey may boost oil prices by imperiling crude shipments through the country, a major energy-trade corridor. For now, shipping lanes are clear.
The Turkish straits are open and shipping traffic hasn’t been disrupted, an official at the Istanbul-based shipping center said by phone Saturday.