Maersk CEO Warns of Increased Impact from Iran War and Rising Oil Costs
Maersk CEO Vincent Clerc warned that the U.S.-Iran war and rising oil prices are creating significant cost pressures for the shipping industry, with an estimated $500 million monthly impact. The company's Q1 2026 underlying EBITDA was $1.75 billion, in line with expectations, but Clerc noted increased uncertainty and downside risks for global trade.
Topics: earnings geopolitical_risk inflation oil_prices shipping