Singapore Business Impact Deepens as Iran War Drives Cost Pressures

Singapore business impact is deepening as two-thirds of companies report moderate to severe disruption from the Iran war, according to a survey by the Singapore Business Federation.

In a poll of 254 firms, 66% identified rising energy prices as the most significant pressure, followed by higher shipping and logistics costs, as well as weakening customer demand.

The Singapore business impact is particularly acute among smaller firms, with one in three SMEs reporting significant to severe operational disruption.

While some larger firms have more resources to absorb shocks, just over a third of respondents expressed confidence in managing prolonged volatility.

More than half of businesses said they are very or extremely concerned about long-term viability if current conditions persist beyond six months, highlighting mounting risks to Singapore’s broader economic resilience.