{"id":84434,"date":"2026-05-06T14:42:10","date_gmt":"2026-05-06T14:42:10","guid":{"rendered":"https:\/\/bihavadis.com\/?p=84434"},"modified":"2026-05-06T14:42:10","modified_gmt":"2026-05-06T14:42:10","slug":"jeopolitik-gelismeler-fedin-politikalarini-etkileyebilir","status":"publish","type":"post","link":"https:\/\/bihavadis.com\/index.php\/2026\/05\/06\/jeopolitik-gelismeler-fedin-politikalarini-etkileyebilir\/","title":{"rendered":"Jeopolitik geli\u015fmeler, Fed’in politikalar\u0131n\u0131 etkileyebilir"},"content":{"rendered":"

ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131s\u0131 petrol fiyatlar\u0131n\u0131 y\u00fckseltiyor.<\/p>\n

K\u00fcresel piyasalarda, ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131s\u0131 sonras\u0131 artan k\u00fcresel jeopolitik gerilimlerin etkisiyle sat\u0131\u015f bask\u0131s\u0131 derinle\u015firken, Orta Do\u011fu\u2019daki gerilimin ticaret politikas\u0131na dair belirsizliklerin s\u00fcrd\u00fc\u011f\u00fc bir d\u00f6nemde artmas\u0131, petrol fiyatlar\u0131ndaki y\u00fckseli\u015fin enflasyonist bask\u0131lar\u0131 daha da art\u0131rabilece\u011fi endi\u015fesini g\u00fc\u00e7lendiriyor.<\/p>\n

Bu sonu\u00e7lar\u0131n da ABD Merkez Bankas\u0131’n\u0131n (Fed) politikalar\u0131n\u0131 etkilemesi bekleniyor.<\/p>\n

H\u00dcRM\u00dcZ BO\u011eAZI GE\u00c7\u0130\u015eE KAPALI<\/strong><\/p>\n

\u0130ran Devrim Muhaf\u0131zlar\u0131 Ordusu Genel Komutan\u0131 Dan\u0131\u015fman\u0131 Tu\u011fgeneral \u0130brahim Cebbari, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n ge\u00e7i\u015flere kapat\u0131ld\u0131\u011f\u0131n\u0131 ve ge\u00e7meye \u00e7al\u0131\u015fan gemilere m\u00fcdahale edilece\u011fini a\u00e7\u0131klam\u0131\u015ft\u0131.<\/p>\n

“ABD ORDUSUNUN EN SERT HAMLES\u0130 HEN\u00dcZ YAPILMADI”<\/strong><\/p>\n

ABD D\u0131\u015fi\u015fleri Bakan\u0131 Marco Rubio, \u0130ran\u2019\u0131n ABD ve \u0130srail i\u00e7in \u201cacil bir tehdit\u201d<\/em><\/b> olu\u015fturdu\u011funu savunarak, \u201cABD ordusunun en sert hamlesi hen\u00fcz yap\u0131lmad\u0131. Bundan sonraki a\u015fama \u0130ran i\u00e7in daha zorlu olacak.\u201d <\/em><\/b>dedi.<\/p>\n

Rubio ayr\u0131ca petrol fiyatlar\u0131ndaki art\u0131\u015f\u0131n enerji maliyetlerini y\u00fckseltmesi \u00fczerine ABD\u2019nin bu y\u00fckseli\u015fi hafifletmek i\u00e7in ad\u0131m ataca\u011f\u0131n\u0131 belirtti.<\/p>\n

H\u00fcrm\u00fcz Bo\u011faz\u0131 enerji arz\u0131 a\u00e7\u0131s\u0131ndan bir\u00e7ok ekonomi i\u00e7in kritik bir \u00f6neme sahip bulunuyor. B\u00f6lgede enerji arz\u0131n\u0131n durmas\u0131n\u0131n orta vadede petrol fiyatlar\u0131ndaki art\u0131\u015f kaynakl\u0131 imalat sanayi maliyetlerinin artmas\u0131na neden olabilece\u011fi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n

H\u00dcRM\u00dcZ BO\u011eAZI’NIN KAPAS\u0130TES\u0130<\/strong><\/p>\n

Stratejik deniz ge\u00e7i\u015f noktalar\u0131ndan biri H\u00fcrm\u00fcz Bo\u011faz\u0131’ndan da yakla\u015f\u0131k 20 milyon varil petrol ve petrol \u00fcr\u00fcn\u00fc ta\u015f\u0131n\u0131yor. Deniz yoluyla ta\u015f\u0131nan ham petrol\u00fcn yakla\u015f\u0131k \u00fc\u00e7te biri bu koridor arac\u0131l\u0131\u011f\u0131yla k\u00fcresel pazarlara ula\u015f\u0131yor. \u00d6zellikle Suudi Arabistan ve Birle\u015fik Arap Emirlikleri gibi Orta Do\u011fu \u00fcreticilerinin sevkiyatlar\u0131nda bu ge\u00e7it kritik rol oynuyor.<\/p>\n

\u0130ran, ABD ve \u0130srail’in ba\u015flatt\u0131\u011f\u0131 sald\u0131r\u0131lar\u0131n ard\u0131ndan misilleme olarak b\u00f6lgedeki petrol ve do\u011fal gaz \u00fcretim tesislerini hedef ald\u0131. Suudi Arabistan Ras Tanura\u2019daki Suudi Aramco tesislerine de \u0130HA sald\u0131r\u0131s\u0131 ger\u00e7ekle\u015fmi\u015fti. Katar’da Ras Laffan’daki s\u0131v\u0131la\u015ft\u0131r\u0131lm\u0131\u015f do\u011fal gaz (LNG) tesisinde \u00fcretimin durduruldu\u011funa y\u00f6nelik duyuru da piyasadaki yukar\u0131 y\u00f6nl\u00fc bask\u0131y\u0131 g\u00fc\u00e7lendirdi.<\/p>\n

<\/p>\n

BRENT PETROL VAR\u0130L F\u0130YAT 80 DOLAR<\/strong><\/p>\n

Bu geli\u015fmelerle Brent petrol\u00fcn varil fiyat\u0131 Ocak 2025’ten bu yana ilk defa 80 dolar\u0131n \u00fczerinde \u00e7\u0131kt\u0131.<\/p>\n

Jeopolitik gerginliklerin ve enerji arz\u0131na ili\u015fkin risklerin derinle\u015fmesi Fed’in politikalar\u0131na ili\u015fkin belirsizliklerin artmas\u0131na neden oldu.<\/p>\n

S\u00f6z konusu endi\u015felerle de para piyasalar\u0131ndaki fiyatlamalarda Fed’in haziran toplant\u0131s\u0131nda gev\u015femeye ba\u015flayaca\u011f\u0131na ili\u015fkin tahminler \u00f6telenirken, bankan\u0131n temmuz ay\u0131na kadar faiz oran\u0131n\u0131 y\u00fczde 3,50-3,75 aral\u0131\u011f\u0131nda sabit tutaca\u011f\u0131 \u00f6ng\u00f6r\u00fcleri g\u00fc\u00e7lendi.<\/p>\n

K\u00fcresel geli\u015fmelerle birlikte ABD’de a\u00e7\u0131klanacak i\u015f g\u00fcc\u00fc piyasas\u0131na ili\u015fkin verilerin de bankan\u0131n faiz politikas\u0131na y\u00f6nelik \u00f6ng\u00f6r\u00fcleri etkilemesi bekleniyor.<\/p>\n

Rusya’n\u0131n 2022’de Ukrayna’y\u0131 i\u015fgali benzer k\u00fcresel riskler ortaya \u00e7\u0131karm\u0131\u015ft\u0131. Rusya-Ukrayna sava\u015f\u0131yla beraber petrol ve emtia piyasas\u0131nda i\u015flem g\u00f6ren di\u011fer \u00fcr\u00fcnlerde g\u00f6r\u00fclen sert y\u00fckseli\u015flerden kaynakl\u0131 enflasyonist bask\u0131larla Fed faiz oranlar\u0131n\u0131 art\u0131rmaya ba\u015flam\u0131\u015ft\u0131.<\/p>\n

<\/p>\n

“YEN\u0130 B\u0130R MAL\u0130YET ENFLASYONU DALGASI BA\u015eLAYAB\u0130L\u0130R”<\/strong><\/p>\n

Kuveyt T\u00fcrk Yat\u0131r\u0131m Ara\u015ft\u0131rma Direkt\u00f6r\u00fc Kutay G\u00f6zg\u00f6r, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n kapat\u0131lmas\u0131n\u0131n k\u00fcresel enerji piyasalar\u0131nda ciddi bir “arz \u015foku” senaryosunu tetiklemi\u015f durumda oldu\u011funu belirtti.<\/p>\n

D\u00fcnya petrol ticaretinin yakla\u015f\u0131k be\u015fte birinin ge\u00e7ti\u011fi bu kritik Bo\u011faz’\u0131n, fiilen trafi\u011fe kapal\u0131 olmas\u0131n\u0131n lojistik maliyetlerini ve sigorta primlerini e\u015f zamanl\u0131 olarak yukar\u0131 \u00e7ekerek Brent petrol fiyatlar\u0131nda sert dalgalanmalara yol a\u00e7t\u0131\u011f\u0131n\u0131 ifade eden G\u00f6zg\u00f6r, bu durumun yaln\u0131zca do\u011frudan petrol fiyatlar\u0131n\u0131 art\u0131rmakla kalmad\u0131\u011f\u0131n\u0131 ayn\u0131 zamanda k\u00fcresel tedarik zincirlerinde yeni bir “maliyet enflasyonu” dalgas\u0131n\u0131 ba\u015flatma riski ta\u015f\u0131d\u0131\u011f\u0131n\u0131 vurgulad\u0131.<\/p>\n

“R\u0130SK \u0130\u015eTAHI BASKILANIYOR”<\/strong><\/p>\n

Piyasalarda olu\u015fan bu belirsizlik ortam\u0131n\u0131n risk i\u015ftah\u0131n\u0131 bask\u0131lad\u0131\u011f\u0131n\u0131, g\u00fcvenli liman aray\u0131\u015f\u0131n\u0131 ve enerji emtialar\u0131na y\u00f6nelik spek\u00fclatif talebi de per\u00e7inledi\u011fini dile getiren G\u00f6zg\u00f6r, \u015funlar\u0131 kaydetti:<\/p>\n

Bu geli\u015fmelerin maj\u00f6r merkez bankalar\u0131n\u0131n yol haritas\u0131na yans\u0131mas\u0131 ise “bekle-g\u00f6r” politikas\u0131n\u0131n \u00e7ok daha kat\u0131 bir \u00e7er\u00e7eveye oturmas\u0131 \u015feklinde olacakt\u0131r. Petrol fiyatlar\u0131ndaki art\u0131\u015f\u0131n \u00e7ekirdek enflasyona ge\u00e7i\u015fkenli\u011fi ve enflasyon beklentilerini yukar\u0131 y\u00f6nl\u00fc tetiklemesi, Fed\u2019in faiz indirim d\u00f6ng\u00fcs\u00fc takvimini \u00f6telemesine neden olabilir. Fed, enerji \u015fokunun ge\u00e7ici bir arz k\u0131s\u0131t\u0131 m\u0131 yoksa talep dengelerini kal\u0131c\u0131 olarak bozan bir stagflasyon sinyali mi oldu\u011funu netle\u015ftirene kadar faiz oranlar\u0131n\u0131 y\u00fcksek seviyelerde tutmay\u0131 tercih edecektir. Benzer \u015fekilde, yurt i\u00e7inde Merkez Bankas\u0131\u2019n\u0131n da artan enerji maliyetlerinin enflasyonist etkilerini ve cari denge \u00fczerindeki bask\u0131s\u0131n\u0131 yak\u0131ndan izleyerek, 12 Mart toplant\u0131s\u0131nda faiz indirimlerine ara vermesini ve temkinli duru\u015fu korumas\u0131n\u0131 bekliyoruz.<\/p>\n

P\u0130YASALARDA “TEMK\u0130NL\u0130 \u0130Y\u0130MSERL\u0130K” YER\u0130NE “R\u0130SK ODAKLI DENGELENME” \u00c7ABASI \u00d6NE \u00c7IKAB\u0130L\u0130R<\/strong><\/p>\n

G\u00f6zg\u00f6r, genel piyasa de\u011ferlendirmesine bak\u0131ld\u0131\u011f\u0131nda Borsa \u0130stanbul’da BIST 100 endeksi taraf\u0131nda jeopolitik risklerin etkisiyle oynakl\u0131\u011f\u0131n (volatilite) artt\u0131\u011f\u0131 bir s\u00fcre\u00e7ten ge\u00e7ildi\u011fini belirtti.<\/p>\n

Enerji maliyetlerindeki art\u0131\u015f ve k\u00fcresel faiz beklentilerindeki de\u011fi\u015fimin \u00f6zellikle sanayi ve bankac\u0131l\u0131k endeksleri \u00fczerinde k\u0131sa vadeli bir bask\u0131 olu\u015fturdu\u011funu s\u00f6yleyen G\u00f6zg\u00f6r, \u015fu de\u011ferlendirmelerde bulundu:<\/p>\n

Ancak bu t\u00fcr d\u00f6nemlerde \u015firketlerin nakit ak\u0131\u015flar\u0131 ve d\u00f6viz pozisyonlar\u0131 daha fazla \u00f6nem kazan\u0131rken, yat\u0131r\u0131mc\u0131lar\u0131n haber ak\u0131\u015f\u0131na duyarl\u0131 hareket etmesi uygun olabilecektir. Sonu\u00e7 olarak, enerji arz g\u00fcvenli\u011fine dair endi\u015feler ve merkez bankalar\u0131n\u0131n enflasyon hassasiyeti, \u00f6n\u00fcm\u00fczdeki d\u00f6nemde piyasalarda ‘temkinli iyimserlik’ yerine ‘risk odakl\u0131 dengelenme’ \u00e7abas\u0131n\u0131n \u00f6ne \u00e7\u0131kaca\u011f\u0131 bir tabloya i\u015faret etmektedir.<\/p>\n

Kaynak:<\/strong> Anadolu Ajans\u0131 (AA)<\/span> <\/div>\n","protected":false},"excerpt":{"rendered":"

ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131s\u0131 petrol fiyatlar\u0131n\u0131 y\u00fckseltiyor. K\u00fcresel piyasalarda, ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131s\u0131 sonras\u0131 artan k\u00fcresel jeopolitik gerilimlerin etkisiyle sat\u0131\u015f bask\u0131s\u0131 derinle\u015firken, Orta Do\u011fu\u2019daki gerilimin …<\/p>\n","protected":false},"author":1,"featured_media":84435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[272,2004,590,391,799],"class_list":["post-84434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-abd","tag-baski","tag-enerji","tag-petrol","tag-piyasa"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/84434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/comments?post=84434"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/84434\/revisions"}],"predecessor-version":[{"id":84438,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/84434\/revisions\/84438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/84435"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=84434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=84434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=84434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}