The aggravation of the situation in the Middle East due to the conflict between Israel and Iran will have an impact on Georgia's economy in the short term, primarily on tourism, analysts at TBC Capital believe.

Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries' escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries.

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

Concerns remain over potential closing of the Strait of Hormuz; continued escalation could hit crude oil, global trade

Fitch Ratings said on Monday that a spillover from the Israel-Iran conflict appears to be within a range that can be absorbed by Israel's 'A'/Negative rating level. Fitch also said that it expects the risk premium in oil prices arising from the conflict to be contained within the $5-$10 range and that it does not expect the conflict to persist for more than a few weeks.

India is closely reviewing the Iran-Israel conflict to assess the impact on crude oil and gas supply, sources have said.

There are reports that a few shipping lines may be reassessing routes, particularly the choke point of the Strait of Hormuz, given the heightened threat in the region. This could further add to the transportation cost to and from the region.

Global investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday, as stocks rallied despite escalating warfare in the Middle East. The two regional powers continued trading fire on Monday, marking the fourth consecutive day of fighting since Israel launched airstrikes against Iran last week.

He refutes French President Macron's comments that he's returning to the US to work on a truce, after earlier telling people in Tehran to evacuate.

Basmati rice prices, recently elevated due to increased exports, are anticipated to decline due to potential export reductions to Iran amidst geopolitical tensions. Iran constitutes a significant importer of Indian basmati rice.