Reckitt hit by Iran war costs

Reckitt's latest financial update highlights the far-reaching economic consequences of the Iran war on global supply chains.

The company noted that if oil prices remain at 110 dollars a barrel, the increased cost of raw materials and logistics will significantly impact its bottom line.

In addition to geopolitical pressures, Reckitt is grappling with the impact of European sanctions that have halted shipments of cleaning products to Russia.

Shares in the UK-listed group fell sharply following the announcement, as investors weighed the combined impact of rising costs and softening consumer demand in key markets.