Iran war saddles global companies with $25 billion bill - and counting
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. Businesses are grappling with soaring energy prices, fractured supply chains and trade routes severed by Iran's chokehold on the Strait of Hormuz.
Iran's blockade of the Strait of Hormuz - the world's most critical energy chokepoint - has pushed oil prices above $100 a barrel, more than 50% higher than before the war.
The closure has driven up shipping costs, squeezed supplies of raw materials and cut off trade routes vital to the flow of goods. Supplies of fertilizers, helium, aluminium, polyethylene and other key inputs have been hit.
One-fifth of companies in the review - which make everything from cosmetics to tyres and detergent, to cruise operators and airlines - have flagged a financial hit due to the war.
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The conflict began on February 28, 2026. Let's end it...no more threats unless you carry them out.
Correction: It has cost the US $29B, according to Trump administration sworn testimony to Congress.
ReplyDelete"President Donald Trump on Wednesday said it’s “not possible” for the federal government to fund Medicare, Medicaid and child care costs, arguing that it should be up to the states to “take care” of those programs while the federal government focuses on military spending."
ReplyDeleteBut we do have enough to spend $30B on war and $2B on paying back Trump's pals who were prosecuted by the Biden DOJ, including the J6 insurrectionists.
Count your blessings if you can just live off your savings and not have to pay a dime of taxes to the federal government at all because they're so corrupt and greedy and these elected officials have us so much in debt that will never get out of it this government is really messed up and nobody really even seems to care they just keep spending and spending just live off your savings don't bother to make a lot of money and pay any money to this federal government anymore!
ReplyDelete