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Middle East war fallout hits consumers worldwide

RT International·RT·about 1 month ago
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Disruptions to shipping and energy flows are driving up costs, straining supply chains and reshaping global trade routes The fallout from the US‑Israeli war on Iran is spreading across the global economy, driving up costs, disrupting supply chains, and leaving consumers to absorb the impact as trade flows shift. A growing number of companies have warned of higher costs and weaker demand as disruptions to energy supplies and shipping routes linked to the Hormuz chokepoint ripple through global markets.  Global businesses under pressure   Higher fuel prices, shipping delays and more expensive raw materials are weighing on companies across industries. According to a Reuters review, more than 20 firms globally have cut or withdrawn financial guidance since the Iran war began, while 32 have signaled price increases and 31 have warned of a financial hit.…

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