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.

Welcome to the Trading Day blog for Wednesday, June 18. ASX 200 to slip. Oil stocks on watch amid deal-making, Middle East tensions.

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

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.

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.