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$25 billion and counting: Iran war burns a hole in corporate balance sheets

May 19, 2026, 03:18 PM
$25 billion and counting: Iran war burns a hole in corporate balance sheets
A US-Israeli war with Iran has triggered significant global economic fallout, with companies reporting at least $25 billion in losses due to soaring oil prices and disrupted trade routes. Businesses worldwide are implementing cost-cutting measures, including price hikes and reduced production, as the conflict impacts various sectors, particularly airlines.

Source: times of india
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