Iran's War has cost businesses $25 billion so far

A review of corporate statements since the beginning of the conflict by companies listed in the United States, Europe and Asia offers a keen look at the consequences.

Businesses are facing rising energy prices and trade routes cut off from Iran's control in Hormuz Strait.

At least 279 companies have cited the war as a cause for protective action to ease the financial shock, including price hikes and reduced production, the analysis shows.

Others have laid off staff, increased additional fuel fees, or sought emergency government assistance.

The riots - last in a series of global business disturbing events following the COVID-19 pandemic and Russian aggression in Ukraine - are easing expectations for the rest of the year, with little sense that an agreement to end the conflict will be imminent.

Iran's blockade of Hormuz Strait - the world's most critical energy point - has postponed oil prices of over $100 per barrel, more than 50% higher than before the war.

The closure has increased transport costs, reduced raw materials and cut trade routes vital to the flow of goods.

And a fifth of the companies under consideration - all of which produce everything from cosmetics to tires and detectors, to tour operators, and airlines - have reported a financial blow because of war.

The airlines make up most of the costs set for the war, representing nearly $15 billion, with fuel prices almost doubled.

As the straitlock continues, more companies from other industries are setting the alarm. /Telegraphy/