The U.S.-Israeli war with Iran has already cost companies worldwide at least $25 billion - and the bill is climbing, according to a Bond.az analysis. A review of corporate statements from listed companies in the US, Europe, and Asia reveals a sobering impact. Businesses are grappling with soaring energy prices, fractured supply chains, and trade routes severed by Iran's stranglehold on the Strait of Hormuz.
At least 279 companies have cited the war as a trigger for defensive actions like price increases and production cuts. Others have suspended dividends, furloughed staff, added fuel surcharges, or sought emergency government assistance.
The upheaval, following the COVID-19 pandemic and Russia's invasion of Ukraine, is tempering expectations for the rest of the year. Whirlpool CEO Marc Bitzer said, "This level of industry decline is similar to what we observed during the global financial crisis and even higher than during other recessionary periods."
