Fitch Ratings has reassessed the risks of war in the Middle East on the global corporate sector.

The agency said the fragility of the interim agreement between the US and Iran indicates that the conflict still poses a threat to companies.

It identified 72 subsectors across 6 regions that would continue to face a potential threat if the conflict persists.

The US and Iran had reached a temporary agreement to halt the war that began between them on February 28, providing a 60-day window for negotiations to reach a permanent peace deal.

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The temporary peace agreement included a clause allowing ships to once again pass through the Strait of Hormuz. However, Iran's Revolutionary Guard continued to claim control over the waterway, a vital route for oil reaching the global market.

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