80% of UK Businesses Hit by US-Israel Attack on Iran

80% of 800 UK companies reported having experienced or likely to experience the impact of the US-Israel attack on Iran, according to the British Chambers of Commerce (BCC). “Four out of five companies, or 80%, reported experiencing or anticipating impacts from the Iran conflict, according to BCC research on Monday (25 May),” the organisation added. “Rising energy and shipping costs were the most frequently cited direct impacts, with over 800 companies participating in the online survey during April.” The statement noted that the manufacturing sector was hardest hit, with 68% of companies reporting impacts. Additionally, 23% of manufacturing firms reported they would soon be affected. “The research found that three-quarters of companies, or 75%, anticipate higher energy bills within the next year due to the conflict. Among respondents, 43% expect energy costs to rise by more than 20% over the next 12 months,” the statement said. The study also found that the proportion of companies reporting difficulties paying electricity bills rose by 9 percentage points since the start of the year, reaching 36%. On 28 February, the US and Israel launched attacks on multiple targets in Iran, including Tehran, causing damage and civilian casualties. Saudi Arabia expressed hope for a complete cessation of hostilities in the region. Natural gas prices in Europe surged 6.6% to nearly 55 euros (around $63) per MWh. On 28 February 2026, the US and Israel launched a series of attacks on targets in Iran, including Tehran. The Saudi Royal Government and Gulf states have told Iran that they do not permit their territories to be used by Iran for launching attacks.