15,000expected bankruptcies due to the American war on Iran

A global insurance company expects more than 15,000 new bankruptcies to be recorded during 2026 and 2027 due to the repercussions of the American-Israeli war on Iran and the resulting closure of the Strait of Hormuz, rising energy and shipping costs, and declining economic confidence.

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The global insurance company “Allianz Trade” expected, in a recent report, that corporate bankruptcies worldwide will rise by 6% during 2026, following a similar increase in 2025.

The company indicated that, compared to its previous forecasts, the direct cost of the war in the Middle East amounts to approximately 7,000 additional bankruptcies during 2026, and another 7,900 cases in 2027, as pressures on companies expand across global value chains.

The report explained that the war has increased energy market volatility, raised shipping costs, and disrupted supply chains, while indirect effects have begun to appear through accelerating inflation, tightening financial conditions, and declining business confidence.

Source: Al Jazeera Net