{"id":30041,"date":"2026-03-11T02:03:36","date_gmt":"2026-03-11T02:03:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/mufgden-michael-wan-iran-mansetleri-hurmuz-uzerinden-orta-dogu-enerji-akisina-bagimlilik-nedeniyle-asya-para-birimlerini-sarsiyor\/"},"modified":"2026-03-11T02:03:36","modified_gmt":"2026-03-11T02:03:36","slug":"mufgden-michael-wan-iran-mansetleri-hurmuz-uzerinden-orta-dogu-enerji-akisina-bagimlilik-nedeniyle-asya-para-birimlerini-sarsiyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/mufgden-michael-wan-iran-mansetleri-hurmuz-uzerinden-orta-dogu-enerji-akisina-bagimlilik-nedeniyle-asya-para-birimlerini-sarsiyor\/","title":{"rendered":"MUFG\u2019den Michael Wan: \u0130ran man\u015fetleri, H\u00fcrm\u00fcz \u00fczerinden Orta Do\u011fu enerji ak\u0131\u015f\u0131na ba\u011f\u0131ml\u0131l\u0131k nedeniyle Asya para birimlerini sars\u0131yor"},"content":{"rendered":"Asya para birimleri, \u0130ran\u2019la ilgili haberlere tepki verdi. Bunun nedeni, Asya\u2019n\u0131n Orta Do\u011fu enerji arz\u0131na ba\u011f\u0131ml\u0131l\u0131\u011f\u0131 ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ge\u00e7en deniz ta\u015f\u0131mac\u0131l\u0131\u011f\u0131 rotalar\u0131na dayanmas\u0131. MUFG, s\u00fcren jeopolitik etkenler, sigorta kaynakl\u0131 darbo\u011fazlar ve arzda yeni kesinti riski nedeniyle Asya d\u00f6viz piyasalar\u0131nda (yabanc\u0131 para i\u015flemleri) temkinli.\n\nAsya\u2019n\u0131n H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019na ba\u011f\u0131ml\u0131l\u0131\u011f\u0131 y\u00fcksek: Bo\u011fazdan ge\u00e7en petrol\u00fcn %90\u2019\u0131 Asya pazarlar\u0131na gidiyor. Bu durum, gerilim artt\u0131\u011f\u0131nda b\u00f6lge para birimlerini daha hassas hale getiriyor.\n\nAsya ekonomileri ham petrol ithalat\u0131n\u0131n yakla\u015f\u0131k %65\u2019ini Orta Do\u011fu\u2019dan sa\u011fl\u0131yor. Ayr\u0131ca rafine petrol \u00fcr\u00fcnlerinin (i\u015flenmi\u015f yak\u0131tlar) %27\u2019si ve do\u011fal gaz\u0131n %17\u2019si yine bu b\u00f6lgeden geliyor. Propan gibi do\u011fal gaz s\u0131v\u0131lar\u0131n\u0131n (s\u0131v\u0131la\u015ft\u0131r\u0131lm\u0131\u015f gaz t\u00fcrevleri) da yakla\u015f\u0131k %45\u201350\u2019si b\u00f6lgeden tedarik ediliyor.\n\nRiskler sadece ham petrol fiyat\u0131yla s\u0131n\u0131rl\u0131 de\u011fil; enerji k\u0131tl\u0131\u011f\u0131 (arz\u0131n yetersiz kalmas\u0131) ekonomik faaliyeti k\u0131s\u0131tlayabilir. Dolayl\u0131 etkiler g\u0131da \u00fcretimi, seyahat, ta\u015f\u0131mac\u0131l\u0131k ve turizmde sars\u0131nt\u0131 yaratabilir.\n\nDonald Trump\u2019\u0131n daha yumu\u015fak tutumunun, k\u00fcresel resesyon (ekonomide daralma) ihtimalinin \u201ck\u00f6t\u00fc senaryo\u201d riskini azaltt\u0131\u011f\u0131 belirtiliyor. Ancak belirsizlik s\u00fcr\u00fcyor.\n\n2025\u2019in sonlar\u0131nda gerilim d\u00fc\u015fm\u00fc\u015f gibi g\u00f6r\u00fcnse de Asya para birimlerini etkileyen risklere kar\u015f\u0131 temkinli olmak gerekiyor. B\u00f6lgenin Orta Do\u011fu enerjisine y\u00fcksek ba\u011f\u0131ml\u0131l\u0131\u011f\u0131, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndaki bir aksaman\u0131n hemen k\u0131r\u0131lganl\u0131k yaratmas\u0131 anlam\u0131na geliyor. Birka\u00e7 ay \u00f6nce jeopolitik man\u015fetlere d\u00f6viz piyasalar\u0131n\u0131n ne kadar h\u0131zl\u0131 tepki verdi\u011fi g\u00f6r\u00fcld\u00fc.\n\nK\u00f6rfez\u2019de yap\u0131lan son deniz tatbikatlar\u0131, sorunlar\u0131n \u00e7\u00f6z\u00fclmedi\u011fini g\u00f6steriyor. Bo\u011fazdan ge\u00e7en tankerler i\u00e7in sava\u015f riski sigortas\u0131 primleri (\u00e7at\u0131\u015fma ihtimaline kar\u015f\u0131 ek sigorta maliyeti) ocaktan bu yana %10 artt\u0131. Bu maliyetin navlun ve enerji fiyatlar\u0131 \u00fczerinden Asya ekonomilerine yans\u0131mas\u0131 bekleniyor. Piyasalar\u0131n yeniden daha y\u00fcksek riski fiyatlamaya ba\u015flad\u0131\u011f\u0131n\u0131n somut i\u015fareti.\n\nT\u00fcrev \u00fcr\u00fcnlerde (de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal s\u00f6zle\u015fmeler) i\u015flem yapanlar i\u00e7in bu tablo, USD\/KRW ve USD\/INR gibi paritelerde (iki para biriminin kur oran\u0131) oynakl\u0131k art\u0131\u015f\u0131na haz\u0131rl\u0131k anlam\u0131na geliyor. G\u00fcney Kore\u2019de \u015fubatta \u00fcretici fiyat endeksi %0,7 y\u00fckseldi; ana neden enerji ithalat\u0131 olarak g\u00f6sterildi. Bu da bask\u0131n\u0131n ger\u00e7ek oldu\u011funu teyit ediyor. Opsiyon (belirli fiyattan al\u0131m-sat\u0131m hakk\u0131 veren s\u00f6zle\u015fme) alarak ani kur zay\u0131flamas\u0131na kar\u015f\u0131 korunmak (hedge\/korunma) y\u0131l ba\u015f\u0131na g\u00f6re daha mant\u0131kl\u0131 g\u00f6r\u00fcn\u00fcyor.\n\nKonu sadece petrol fiyat\u0131 de\u011fil; ekonomik aktiviteyi s\u0131n\u0131rlayabilecek ger\u00e7ek bir enerji k\u0131tl\u0131\u011f\u0131 ihtimali. Bu durum, 2022\u2019deki enerji \u015fokunu hat\u0131rlat\u0131yor; o d\u00f6nemde Japon Yeni sert de\u011fer kaybetmi\u015fti. G\u0131da \u00fcretiminden turizme kadar geni\u015f alanda \u00e7ok y\u00f6nl\u00fc bir ekonomik sars\u0131nt\u0131 riski var.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>H\u00fcrm\u00fcz Bo\u011faz\u0131 riski Asya kurlar\u0131n\u0131 yeniden vurabilir: \u0130ran gerilimi, enerji arz\u0131 ve sigorta maliyetleriyle USD\/KRW, USD\/INR\u2019da oynakl\u0131\u011f\u0131 art\u0131r\u0131yor. MUFG temkinli; opsiyonla korunmak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30041","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30041"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}