Armenian Finance Minister Vahe Hovhannisyan said that the impact of the ongoing Iranian–Israeli conflict on Armenia’s economy will largely depend on how severe and prolonged the escalation becomes. Speaking amid continuing airstrikes between Iran and Israel, Hovhannisyan emphasized that the government is closely monitoring the situation and factoring various risk scenarios into its economic planning.
“Various developments are possible. Of course, we consider and assess risk scenarios in our budgetary documents. For example, in case of one particular risk scenario, if I am not mistaken, the economic growth could be 1.3% instead of 5.1%,” Hovhannisyan said.

He noted that while certain outcomes of the conflict could negatively affect Armenia, others might present unforeseen opportunities:
“Regarding the Iran–Israel escalation, I can say that there are occurrences that could negatively impact us, but there are occurrences that could have a positive impact. A lot depends on the level and duration of escalation.”

Drawing a parallel with the 2022 onset of the Russian–Ukrainian war, the minister urged caution in making early predictions:
“I want to remind you that in 2022, when the Russian–Ukrainian war began, we were immediately considering the deteriorating scenarios, but the reality was a bit different and we had positive developments. And now also we don’t hurry to make conclusions.”

Hovhannisyan assured that efforts are underway to address logistical challenges stemming from disrupted transit routes via Iran:
“Our task remains the same. I am sure our colleagues, also at the Economy Ministry, are dealing with organizing the logistic supplies via Iran in this situation. I am not directly involved in that work.”

The minister’s comments come as Armenian businesses grapple with delays and disruptions in trade linked to the regional escalation.