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Hormuz Disruptions Hitting Small Businesses Hardest, UN Trade Agency Warns
UNCTAD said SMEs account for 90% of global businesses and face higher energy, freight and financing costs as conflict drives up oil prices.
Summary by WTVB
5 Articles
5 Articles
Interruptions in the Strait of Ormuz can drive small and medium-sized enterprises away from global supply chains, increasing economic concentration and weakening the resilience of international trade, said the United Nations Conference on Trade and Development on Tuesday. Increasing energy accounts, freight rates, insurance premiums and financing restrictions caused by the conflict between the United States and Iran impose heavier burdens on sma…
·Rio de Janeiro, Brazil
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Hormuz disruptions hitting small businesses hardest, UN trade agency warns
·London, United Kingdom
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The price of fuels is also damaging small businesses that depend on transport. Costs are even worse in the interior of the country due to distances, and companies say they are becoming less competitive.
Coverage Details
Total News Sources5
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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