Iran war impacts cosmetics industry, food prices and nightlife
Airfind news item
By Sharon Kimathi
Published on April 2, 2026.
The U.S.-Israeli war on Iran has impacted various sectors, including the cosmetics industry, food prices, and nightlife. Cosmetics companies are concerned about higher raw material and transport costs due to rising oil prices and disrupted shipping. Italian cosmetics group Kiko estimates additional logistics-related costs of about 1.5 million euros ($1.7 million) for the year. Egypt ordered earlier closures and curbs on public lighting to save electricity after the war increased energy costs and made fuel imports harder to secure. Bank of America warns that the conflict threatens 65% to 70% of global supplies of urea, and prices are already up 30% to 40%. Meanwhile, China's renewable energy sector is facing headwinds due to regulation restrictions imposed by the national grid operator in 2023. Investors are buying stocks in China's renewables industry as they anticipate global demand for solar panels, batteries, and green energy equipment to reduce dependence on fossil fuels.
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