Heat the extra virgin olive oil in a medium pot over medium-high heat until shimmering.
Add the ground turkey to the pot, breaking it into small crumbles with a wooden spoon until it is browned and fully cooked.
Stir in the diced red onion and bell pepper, cooking for about 4 minutes until the vegetables have softened.
Add the chili powder, smoked paprika, ground cumin, garlic powder, sea salt, and black pepper, stirring constantly for 30 seconds to release the oils from the spices.
Pour in the diced tomatoes, rinsed black beans, and water, stirring well to combine all ingredients.
Bring the mixture to a gentle boil, then reduce the heat to low and simmer uncovered for 12 minutes to allow the chili to thicken and the flavors to meld.
Serve hot in a bowl, optionally garnished with fresh herbs if desired.