London, March 31 (SANA) Fitch Ratings warned that a potential conflict between the United States and Israel on one side and Iran on the other poses a serious threat to the global economy, as it revised outlooks and placed several entities on watch for possible downgrades.
The agency said Brent crude prices could average $100 per barrel in 2026, potentially worsening global energy pressures. It added that high oil prices, slower growth, rising inflation, tighter financial conditions and weaker equity markets could weigh on economic performance.
Fitch said airlines are particularly exposed, as jet fuel accounts for about 20% of operating costs, while sectors such as chemicals, automotive and construction could face increased pressure from higher energy prices and inflation.
It added that the technology and electronics sectors may also face supply chain disruptions linked to shortages of helium and natural gas.
At the same time, oil and gas producers could benefit from higher prices, while the defense sector may see increased demand amid rising military spending.
Fitch warned that Iran’s ability to disrupt shipping in the Strait of Hormuz could keep risk premiums elevated, adding that a broader escalation, including attacks on energy infrastructure, could prolong instability and delay economic recovery.
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