The conflict between the US, Israel, and Iran has cost global companies at least $25 billion, with the figure continuing to rise.
According to Reuters, analysis of corporate statements from US, European, and Asian exchanges reveals the severity of the situation. Iran's control of the Strait of Hormuz has caused sharp energy price hikes, supply chain disruptions, and trade route blockages.
At least 279 companies cite the war as a key reason for financial losses, taking measures like price increases, production cuts, and suspending dividends.
Whirlpool CEO Mark Bittcher says the industrial slowdown mirrors the global financial crisis. Consumers now prefer repairing products over replacing them.
Procter & Gamble, Toyota and others warn of rising losses. The closure of the Strait of Hormuz pushed oil prices above $100 per barrel, a 50% increase from pre-war levels.
Airlines bear the largest quantified costs at $15 billion, as jet fuel prices nearly doubled.
Toyota warns of $4.3 billion in losses, while P&G estimates a $1 billion profit hit. McDonald's expects long-term cost inflation due to supply chain issues.
Continental projects at least €100 million in losses for Q2. While corporate profits remained high in Q1, the outlook remains uncertain.
