#Türkiye lifted #electricity and #naturalgas tariffs for households and businesses on Friday as rising global energy costs, with ongoing shipping disruptions in the Strait of Hormuz, continue to weigh on markets amid the Iran war. Although Türkiye has not been strained by a supply shortage, as its reliance on the vital #energycorridor remained manageable, soaring global costs pushed authorities to adjust tariffs, with the new tariffs taking effect nationwide on April 4. Power, gas tariffs jump across all user groups According to the adjustment made by the country’s energy market regulator, electricity prices rose by 25% for residential users, 17.5% for public and private service sectors, 5.8% for industrial subscribers and 24.8% for agricultural users. Under the new rates, a household consuming 100 kilowatt-hours of electricity will pay ₺323.8 ($7.26), the regulator noted. Natural gas tariffs also increased in line with wholesale prices announced by the state pipeline operator Bota...