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UNCTAD: SMEs hit hardest in Hormuz disruptions
The article documents a warning from the United Nations (UNCTAD) that shipping disruptions in the Strait of Hormuz are increasing risks for small and medium-sized enterprises (SMEs), which make up about 90% of global companies, 70% of employment opportunities, and 50% of GDP. Due to the conflict between the United States and Iran, small businesses are facing mounting burdens from rising energy bills, shipping costs, and insurance premiums, threatening to disrupt supply chains and push companies out of markets. This crisis could lead to reduced production, postponed investments, or the exit of small companies from value chains, with impacts that go beyond economic slowdown to include limiting SMEs' ability to compete with larger firms—especially in the context of the strategic waterway turmoil, where Brent crude prices have exceeded $99, and the region has become a stage for Iranian-U.S. escalation.
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