The Globe and Mail reports in its Tuesday edition that the U.S.-Israeli war against Iran has already cost companies around the world at least $25-billion (U.S.) -- and the bill is climbing. A Reuters dispatch to The Globe says that review of corporate statements by the news agency 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. At least 279 companies have cited the war as a trigger for defensive actions to blunt the financial hit, including price increases and production cuts. Others have suspended dividends or buybacks, furloughed staff, added fuel surcharges or sought emergency government assistance. The upheaval is tempering expectations for the rest of the year with little sense that an agreement to end the conflict is at hand. Whirlpool has slashed its full-year forecast in half and suspended its dividend. The appliance maker is not alone. Companies including Procter & Gamble, Malaysian condom maker Karex and Toyota have warned of the mounting toll as the conflict enters its third month.
© 2026 Canjex Publishing Ltd. All rights reserved.