In this article
The Iran war could soon mean higher prices on store shelves for consumers.
Iran’s effective closure of the Strait of Hormuz passage has significantly disrupted the global supply chain, affecting goods from fertilizers to metals to gas and fuel. The passage is a critical point, funneling tens of millions of barrels of oil daily along with other exports as one of the world’s most important shipping routes.
And the tensions with the strait are showing no signs of changing. On Thursday, Iran’s new supreme leader, Mojtaba Khamenei, said the closure should be continued as a “tool to pressure the enemy” in his first public statement since being appointed. Defense Secretary Pete Hegseth on Friday downplayed concerns about the strait, saying at a Pentagon press briefing, “We have been dealing with it, and don’t need to worry about it.”
In a Friday statement, logistics provider C.H. Robinson
