The ongoing war around Iran has caused billions of dollars in damage to the world economy and large companies.
Modern.az reports that, according to Reuters, at least 279 large companies have warned their investors about the financial consequences of the war since the conflict began.
It is reported that companies are raising product prices, reducing production, suspending dividend payments, and sending some of their employees on unpaid leave amid rising costs.
According to the information, the crisis has affected almost all sectors. Airlines, car manufacturers, household appliance and food producers have faced serious financial losses.
In the aviation sector, losses are reported to have already reached 15 billion dollars. The main reason for this is the doubling of aviation fuel prices.
Japan's Toyota company has warned that possible losses could be 4.3 billion dollars.
US company Procter & Gamble announced that the profit loss is estimated at approximately 1 billion dollars.
Companies are already warning that pressure on profits will increase further in the second half of the year.
