How the Iran war is hitting the global supply chain

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email

Iran’s closure of the Strait of Hormuz is halting the global supply chain, and the impacts could worsen as the U.S.-Iran war continues. The Strait is a vital artery for the global oil trade, with about 31% of all seaborne crude flows passing through it in 2025. With shipping costs set to inflate due to war surcharges and fuel surcharges, CNBC’s Frank Holland breaks down what consumers should expect.