Fitch Ratings Assesses Impact of Israel-Iran Conflict

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.)