New research from Bibby Financial Services (BFS) reveals the growing financial toll of the Iran conflict on UK importers and exporters, with SMEs reporting average losses of £38,207 since the start of the crisis. The findings, from BFS’s 2026 Trading Places Report, which surveyed more than 500 UK importers and exporters this month, paint a stark picture of mounting pressure. Nearly half of SMEs (48%) now say global conflicts are the single biggest economic challenge they face — up 10% since last year. Furthermore, 55% say their business is in a more precarious position than when Russia invaded Ukraine in 2022, underlining how sustained global instability is compounding existing pressures. To read Bibby’s news release, go to https://www.bibbyfinancialservices.com/news/70-percent-of-uk-importers-and-exporters-fear-bankruptcy-as-iran-war-hampers-supply-chains-and-drives-costs-higher.