German industrial giant Siemens said today that the Iran war has led to customers holding back on new investments as prices increase for raw materials and energy.
Customers holding back on investments due to war: Siemens
Siemens reports that geopolitical tensions, specifically the Iran war, are causing industrial customers to delay investments in new infrastructure due to rising raw material and energy costs. The uncertainty is impacting manufacturing and industrial sectors reliant on Siemens' automation and industrial solutions.