Maersk CEO Vincent Clerc has issued a stark warning that the ongoing U.S.-Iran conflict is likely to intensify in the coming months, introducing a new layer of uncertainty for global trade.
Speaking to CNBC's 'Squawk Box Europe' following the company's first-quarter earnings report, Clerc described the situation as a 'new wake-up call' for the industry.
The shipping sector is already grappling with the fallout from heightened geopolitical tensions, with freight costs rising and supply chains under pressure.
Analysts suggest that further escalation in the region could lead to more pronounced disruptions, particularly in key trade corridors like the Strait of Hormuz.
The warning comes amid broader concerns about the potential for military action in the region. U.S. President Donald Trump has indicated that new strikes against Iran could be considered if the country 'misbehaves,' according to recent reports.
This has added to the uncertainty for businesses and investors alike.