Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Merin Rebecca Thomas

Iran War Drives Up Business Costs As Economists Warn Of Pressure On Hiring, Investment

About 44% of American businesses reported higher input costs compared with six months earlier, while no respondents reported lower costs. (Credit: Pixabay)

American businesses are facing higher operating costs and weaker outlooks as the war in Iran continues to disrupt energy markets and supply chains. Economists say rising fuel prices, transportation expenses and materials costs are feeding through production systems, tightening margins across a wide range of industries.

A Business Conditions Survey released by the National Association for Business Economics found that nearly half of respondents said the war has negatively affected their businesses. About 44% reported higher input costs compared with six months earlier, while none of the respondents reported lower costs.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.