Iran war impacts on oil prices spiked construction stress, increased abandonments

Project abandonments in construction jumped 22.8% month-over-month in March due to economic strain from the Iran war and rising oil prices. The spike reflects how geopolitical events and energy costs directly impact construction project viability and investment decisions.

Construction saw a 22.8% surge in project abandonments month over month in March, which ConstructConnect linked to economic impacts brought on by the war.

This story was originally published by Construction Dive.