The recent Israeli airstrikes in Iran are unlikely to significantly affect the U.S. economy, according to top economists, according to Benzinga. Nomura’s David Seif said recession risks have risen “only by a tiny bit,” while Santander’s Stephen Stanley called the fallout “pretty limited.” Experts noted that the key vulnerability lies in oil prices if Iran responds by disrupting the Strait of Hormuz. A major spike above $120 per barrel appears unlikely if the conflict remains contained. Analysts added that U.S. reliance on foreign oil is far lower than a decade ago. Markets fell Friday, with the Dow dropping over 700 points and the S&P 500 and NASDAQ down 1.13% and 1.30%.
