U.S. consumer goods giant Procter & Gamble on Friday warned of a roughly $1 billion post-tax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures from the Iran war. The Pampers and Tide maker's estimated profit hit is among the highest outside of airlines, which rely heavily on oil for fuel. European rival Nestle has warned of higher costs due to the Strait of Hormuz blockade, while Nivea-maker Beiersdorf is considering price hikes later this year if commodity costs continue to rise.