Heat the extra virgin olive oil in a medium pot over medium-high heat.
Add the diced yellow onion and red bell pepper, sautéing for 3-4 minutes until the vegetables are softened and fragrant.
Add the ground turkey to the pot, breaking it up with a wooden spoon, and cook until browned and no longer pink.
Stir in the chili powder, smoked paprika, ground cumin, sea salt, and black pepper, coating the meat and vegetables thoroughly.
Pour in the crushed tomatoes, rinsed black beans, and water, stirring to combine all ingredients.
Bring the chili to a gentle boil, then reduce the heat to low and cover.
Simmer for 15-20 minutes to allow the flavors to meld and the sauce to thicken into a velvety consistency.
Serve hot in a bowl, optionally garnished with fresh cilantro or a squeeze of lime.