The ongoing Israel-Iran conflict could trigger global instability, spike oil prices, disrupt trade routes, increase inflation, and strain diplomatic relations, forcing countries like India into comple

The U.S. economy’s reliance on overseas oil is very much less a factor today than 10 or 15 years ago, says Nomura economist David Seif.

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.

Earlier on monday, the IDF said it had identified missiles fired from Iran towards Israel. Amid the rising conflict, an expert has predicted the impact on the naira.

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of the Israel–Iranian war.

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.

Israel's "preemptive" strikes against Iran targeting the country's nuclear program and killing top military officials could have far-reaching implications for Ukraine and could boost Russia's ability to continue its full-scale invasion,

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

Iran has launched a new wave of missile attacks on Israel, triggering air raid sirens across the country as emergency services reported at least three killed and dozens more wounded in the fourth day