Reuters: conflict around Iran has already caused $25 billion in damage to the world economy

The military conflict between the US and Israel with Iran has already cost global companies at least $25 billion.

This is reported by Reuters, citing an analysis of corporate reports from companies in the US, Europe, and Asia.

According to the agency, the consequences of the conflict have affected hundreds of enterprises that faced rising energy prices, disruptions in supply chains, and complications in trade routes amid the situation around the Strait of Hormuz.

As notes Reuters, at least 279 companies stated that they were forced to take measures to reduce financial losses. Among them are raising product prices, reducing production volumes, suspending dividend payments and share buyback programs. Some companies also sent employees on unpaid leave, introduced fuel surcharges, or requested government support.

The most serious blow, according to analysts, fell on the aviation industry. Airlines' losses are estimated at almost $15 billion, as the cost of aviation fuel has almost doubled during the conflict.

In addition, about 40 companies from the industrial, chemical, and raw materials sectors reported plans to raise prices due to dependence on petrochemical supplies from the Middle East.

At the same time, business representatives point to the ongoing uncertainty around the further development of the situation and possible timelines for resolving the conflict.