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

Source: International Business Times

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