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International Business Times
International Business Times
Brian Slupski

Top Shipping Company CEO Warns Iran War Keeps Raising Costs, Worsening Economic Outlook

The Iran war continues to disrupt shipping and could create long-lasting economic consequences.

The Iran war will continue to disrupt global trade, and its impact is only likely to get worse as disruptions continue, the CEO of a major shipping company warned.

Maersk CEO Vincent Clerc told CNBC that the impact of the war will only worsen as time goes on. Clerc told the network that companies like his are enduring high costs that will be passed along to customers and clients.

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