Global business has already lost $25 billion due to the conflict surrounding Iran – which companies have been hit hardest
This is according to Reuters, citing an analysis of the financial reports of hundreds of companies worldwide.
The aviation sector has been hit hardest: airlines alone have reported approximately $15 billion in additional costs due to the sharp rise in the price of aviation fuel.
Following Iran’s blockade of the Strait of Hormuz, oil prices exceeded $100 per barrel – more than 50% higher than pre-war levels.
According to Reuters estimates, at least 279 companies have already been forced to take emergency measures: raising prices, cutting production, revising profit forecasts downwards, or even temporarily suspending dividend payments.
Disruptions to logistics and rising energy costs are hitting Europe and Asia particularly hard, as they are heavily dependent on Middle Eastern oil supplies.
Among the companies that have already warned of significant losses are Toyota, Procter & Gamble, Whirlpool and McDonald’s.
Some manufacturers say that consumers are increasingly shying away from major purchases due to high fuel prices and rising living costs.
Reuters notes that the current blow to business has almost matched the impact of Donald Trump’s tariff policy in 2025, when companies estimated their losses at around $35 billion.
As a reminder, it was previously reported that Americans overpaid by more than $41 billion for fuel due to the war in Iran.
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