The most common and most likely answer to this crossword clue is the 5 letter word IZMIR
I've seen this crossword clue in Independent
I
Z
M
I
R
More clues leading to the result IZMIR
- Turkish city is on lake, we're told
- Port is overlooking lake, so we're told
- Turkish community is said to adjoin old Russian community
- Knut’s taking in unknown island, right where they make Turkish delight
- Is lake reported in this foreign city?
- Aegean naval base is reportedly on edge, looking skyward
- Turkish city is no better than we’re told
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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.