Tรผrkiye currently faces no shortages of natural gas or fuel and does not anticipate any supply problems, Energy and Natural Resources Minister Alparslan Bayraktar said on Wednesday, amid concerns that disruptions are driving prices higher.

"We do not foresee any issues at the moment in either fuel or natural gas, but we are closely following developments," Bayraktar told reporters after being asked whether the situation in Iran could threaten Tรผrkiye's gas supply.

Energy prices have soared since the U.S. and Israel launched strikes on Iran on Feb. 28, with some major producers cutting supplies and fears growing of prolonged shipping disruptions as the critical Strait of Hormuz remains all but shut.

"No need for concern on natural gas," Bayraktar said, stressing that there is no issue with supply security in oil, fuel or ga

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