About 90 % of industrial firms expect the Iran war to affect their business. The figure comes from a survey conducted as part of the monthly Ifo business‐climate study, which the Munich Ifo Institute announced on Tuesday. Only nine % say they are currently unaffected.
“The conflict hits the industry directly, but it mainly creates large uncertainty” explained Klaus Wohlrabe, head of the Ifo surveys. “Many firms are preparing for additional burdens over the coming months”.
Rising energy prices are the dominant concern, cited by 78 % of respondents. Thirty‑six % point to restrictions on shipping routes and problems obtaining semi‑finished products and raw materials. Sixteen % fear a downturn in air freight, while roughly a quarter (24 %) anticipate lower demand in key export markets.
Additional worries include financial risks such as uncertain freight and logistics costs, higher insurance premiums, and greater payment defaults. “The results show that the economic fallout from the Iran war is already emerging and could intensify through various channels” said Wohlrabe. “The longer the uncertainty lasts, the greater the economic troubles for companies will become”.
