Story perspectives

War on Iran Spurs U.S. Firms' Higher Costs, Slowed Hiring

5/13/2026

Summary

Story summary

Nearly half of surveyed business economists say the U.S.-Israel war on Iran has already hurt their firms.
The NABE survey finds U.S. firms face higher energy and material costs, shrinking margins and lower hiring.
Fifty-four percent cite rising energy prices and material expenses at their highest since July 2022, noting fertilizer disruptions.
Forty-eight percent pass cost increases to customers, down from 60% in January, while 16% plan hikes within six months.

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Story summary

Nearly half of surveyed business economists say the U.S.-Israel war on Iran has already hurt their firms.
The NABE survey finds U.S. firms face higher energy and material costs, shrinking margins and lower hiring.
Fifty-four percent cite rising energy prices and material expenses at their highest since July 2022, noting fertilizer disruptions.
Forty-eight percent pass cost increases to customers, down from 60% in January, while 16% plan hikes within six months.