06/10/2026
Parag Amin, business expert and attorney, explains how rising oil prices driven by Middle East tensions are creating new challenges for small businesses across the economy.
Drawing on his analysis of global markets and consumer behavior, Amin breaks down how geopolitical instability can increase transportation, shipping, and energy costs, putting pressure on business margins. He notes that small and mid-sized businesses are often hit hardest because they lack the resources and hedging strategies available to larger companies.
Amin also discusses how uncertainty affects consumer confidence, leading households to spend less and save more. For business owners, this creates a difficult environment where rising operational expenses coincide with weaker demand.
"When anybody feels instability, it's an aspect of human nature to sort of close up and clam up. And unfortunately, that creates a ripple effect where people tend to spend less."
Whether you're managing an established business or considering a new venture, Amin offers practical insights on navigating economic uncertainty, controlling costs, and protecting profitability in a volatile market.
[Watch the full episode at the link in our bio]