The war between the United States, Israel and Iran is inflicting heavy financial damage on companies worldwide, with reported losses already reaching at least $25 billion. Businesses across multiple sectors are grappling with surging oil prices, disrupted trade routes and rising operating costs as Iran’s blockade of the Strait of Hormuz drives crude prices above $100 a barrel.

Airlines have been hit hardest, accounting for nearly $15 billion in losses as jet fuel prices have almost doubled. Automakers, consumer goods companies and manufacturers are also reporting significant impacts, with some warning of billions of dollars in reduced profits. Higher energy and raw material costs are forcing many firms to raise prices, cut production, suspend dividends and seek government support.

The strain is spreading beyond energy-intensive industries, affecting supply chains for fertilisers, aluminium and household products. Companies in Europe and Asia appear particularly exposed due to their reliance on Middle Eastern energy supplies. Analysts warn that the full financial impact has yet to appear in earnings reports, with profit forecasts already being revised downward as businesses struggle to pass rising costs on to consumers.