Fitch Ratings Assesses Impact of Israel-Iran Conflict

Fitch Ratings reported that the impact of the Israel-Iran conflict is manageable for Israel's current credit rating. It anticipates an oil price risk premium of $5-$10, with expectations that the conflict will not extend beyond a few weeks.

Fitch Ratings announced on Monday that the repercussions of the Israel-Iran conflict are anticipated to be manageable within Israel's 'A'/Negative credit rating framework.

In its statement, Fitch projected that the premium on oil prices resulting from the conflict would be contained within a $5-$10 range.

The agency further indicated it expects the conflict to conclude in a matter of weeks, thus limiting prolonged economic impact.

(With inputs from agencies.)