diff --git a/Lib/configparser.py b/Lib/configparser.py
index 3c452afe8ade485..9e3d9793ef060c8 100644
--- a/Lib/configparser.py
+++ b/Lib/configparser.py
@@ -471,6 +471,8 @@ def _interpolate_some(self, parser, option, accum, rest, section, map,
                 except KeyError:
                     raise InterpolationMissingOptionError(
                         option, section, rawval, var) from None
+                if v is None:
+                    continue
                 if "%" in v:
                     self._interpolate_some(parser, option, accum, v,
                                            section, map, depth + 1)
diff --git a/Lib/test/test_configparser.py b/Lib/test/test_configparser.py
index 4783943f71a1092..4ec52a74e1035fc 100644
--- a/Lib/test/test_configparser.py
+++ b/Lib/test/test_configparser.py
@@ -1379,6 +1379,17 @@ class RawConfigParserNoValueAndExtendedInterpolationTest(
 ):
     config_class = configparser.RawConfigParser
 
+class BasicInterpolationWithAllowNoValueTest(unittest.TestCase):
+    def test_interpolation_with_allow_no_value(self):
+        cf = configparser.ConfigParser(allow_no_value=True)
+        cf.read_string(textwrap.dedent("""
+            [s]
+            a
+            b = %(a)s
+        """))
+        self.assertIsNone(cf["s"]["a"])
+        self.assertEqual(cf.get("s", "b"), "")
+
 
 class ConfigParserTestCaseTrickyFile(CfgParserTestCaseClass, unittest.TestCase):
     config_class = configparser.ConfigParser
diff --git a/Misc/NEWS.d/next/Library/2026-07-17-18-53-45.gh-issue-153855.h6YZOX.rst b/Misc/NEWS.d/next/Library/2026-07-17-18-53-45.gh-issue-153855.h6YZOX.rst
new file mode 100644
index 000000000000000..a4d05d63c9ccf59
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2026-07-17-18-53-45.gh-issue-153855.h6YZOX.rst
@@ -0,0 +1,4 @@
+Fix :class:`configparser.BasicInterpolation` raising ``TypeError`` when
+interpolating a reference to a value-less option with
+``allow_no_value=True``; it now treats the missing value as empty, like
+:class:`configparser.ExtendedInterpolation`.