Maersk CEO Warns Iran War Is A "New Wake-Up Call" For Global Trade

Maersk CEO Warns Iran War Is A "New Wake-Up Call" For Global Trade

Maersk CEO Warns Iran War Is A "New Wake-Up Call" For Global Trade It is becoming increasingly clear that reopening the Strait of Hormuz has become a top U.S. priority (really a global priority) , as oil executives and industry insiders warn that the clock is ticking toward an energy and global trade shock if the maritime chokepoint remains closed for another month. Frederic Lasserre, head of research at Gunvor, one of the world's largest oil tr…

Oil chiefs warn Hormuz closure exposes fragility of global energy system

Oil chiefs warn Hormuz closure exposes fragility of global energy system Senior figures in the oil and gas industry say the war involving Iran is set to reshape the global energy system, warning that recent disruptions have exposed deep structural weaknesses. Speaking to CNBC, industry leaders said the closure of the Strait of Hormuz has laid bare how vulnerable global supply chains are to shocks. They warned the disruption will drive a fundame…

Maersk CEO Warns Iran War Is A “New Wake-Up Call” For Global Trade

Maersk CEO Warns Iran War Is A “New Wake-Up Call” For Global Trade It is becoming increasingly clear that reopening the Strait of Hormuz has become a top U.S. priority (really a global priority) , as oil executives and industry insiders warn that the clock is ticking toward an energy and global trade shock if the maritime chokepoint remains closed for another month. Frederic Lasserre, head of research at Gunvor, one of the world’s largest oil t…