On June 24, Iran and Israel officially declared a ceasefire in the hope of ending 12 days of escalating conflict. At Summer Davos 2025, Santitarn Sathirathai, future economy advisor at Thailand Development Research Institute, warned that small energy-importing nations are the most vulnerable. With rising energy prices and potential disruptions to trade routes, global businesses are shifting their focus from cost efficiency to resilience and diversification. This adjustment, he noted, marks a new era in economics where uncertainty drives up the cost of doing business worldwide.