Why Are Global Companies Losing Billions Over the Iran Conflict?
The US-Israeli conflict with Iran is sending shockwaves through the global economy. Oil prices have surged above $100 a barrel after Iran's blockade of the Strait of Hormuz disrupted energy supplies and trade routes worldwide. Airlines,
Toyota, Procter & Gamble, and other major companies are warning of billions in losses as fuel costs, shipping expenses, and raw material shortages intensify. Analysts say the full financial impact may become clearer later in 2026.
Keep updated, follow The Business Standard's Google news channel
