The Israeli military claims its campaign has eliminated high-value targets, including nine senior scientists, and severely damaged Iran’s nuclear infrastructure. Iranian authorities confirmed damage to four critical buildings at the Isfahan uranium conversion facility,

Flare-ups in the Middle East have a predictable impact on the price of oil - causing it to spike as investors grow fearful about supply constraints.

An exchange of strikes on refineries and gas facilities was limited but raised the risks to an industry with broad economic impacts.

Iran remains in economic crisis due to international sanctions over its nuclear program, which have limited its oil exports. The Iranian rial remains weak and inflation is stubbornly high at around 40%. Any further disruption to oil exports would ripple globally.

There are certainly grave risks to the U.S. economy from Israel’s airstrikes inside Iran, but the base case at the moment foresees only limited impact, analysts said Friday. “I think the risk to the U.

The Centre for the Promotion of Private Enterprise, CPPE, has outlined both the risks and possible benefits the escalating conflict between Israel and

How could the Israel-Iran attacks impact the global economy?

American consumers are likely to start feeling the impact of the escalating conflict between Israel and Iran as more expensive oil causes prices at the gas pump to rise.