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Evening Standard
Evening Standard
Business
Holly Williams

Reckitt cautions over impact of Iran war on costs and consumer demand

Reckitt Iran United States Donald Trump Oil Reckitt Benckiser
Household goods giant Reckitt Benckiser has revealed falling third-quarter revenues after a £100m hit to Mead Johnson baby formula powder sales following tornado damage to a key warehouse in the US (Alamy/PA) -

Household goods giant Reckitt Benckiser has warned over a possible cost hit of up to £150 million if oil prices stay high due to the Iran war and said consumer demand would also be impacted.

The Dettol-to-Durex firm said if oil prices remain at 110 US dollars a barrel (£81.33) throughout 2026, it could leave the group nursing around £130 million to £150 million in higher costs.

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