The conflict between the US, Israel, and Iran, which began in late February 2026, has already cost global businesses at least $25 billion, and the cost continues to rise. This is the conclusion reached by Reuters analysts after reviewing corporate financial statements from companies around the world.

Iran's blockade of the Strait of Hormuz has dealt a devastating blow to supply chains. Oil prices have soared above $100 per barrel, more than 50 percent above pre-war levels. Shipping costs have skyrocketed, disrupting supply routes. Supplies of fertilizer, helium, aluminum, and other key materials are in critical trouble.

The aviation industry was particularly hard hit, suffering approximately $15 billion in losses due to the nearly doubling of jet fuel prices. Japanese automaker Toyota warned of losses of $4,3 billion, while American company Procter & Gamble estimated its losses at $1 billion.

The luxury goods sector also felt the effects of the conflict. Gucci's sales in the region fell by 11 percent, and Italian brand Moncler reported a catastrophic halving of its revenue in the Middle East.

In total, at least 279 companies worldwide were forced to resort to defensive measures. Appliance maker Whirlpool cut its annual forecast and suspended dividend payments, while McDonald's warned of long-term inflation due to supply disruptions.

The situation is exacerbated by the deadlock in negotiations between the US and Iran. Iran refuses to unblock the strait, forcing economists to revise their forecasts downwards, foreshadowing further price increases and a global economic slowdown.