Shipping giant boss warns Iran war will have bigger impact in coming months as customers face price hikes
By Chloe Taylor
Published on May 7, 2026.
The U.S.-Iran war has created a "new wake-up call" for global trade, according to Maersk CEO Vincent Clerc. Clerc warned that the impact could worsen in the coming months. The company is facing intense cost pressures and will need to pass on these costs to customers. Oil prices have surged as the war intensified, with uncertainty surrounding the closure of the Strait of Hormuz keeping prices elevated. The spike in oil prices has raised concerns about inflation in many economies.
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