Shipping giant boss warns Iran war will have bigger impact in coming months as customers face price hikes

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The U.S.-Iran war had created a “new wake-up call” for global trade, Maersk

CEO Vincent Clerc told CNBC on Thursday, warning that the impact could worsen in the coming months.

Speaking to CNBC’s “Squawk Box Europe” after Maersk posted its first-quarter earnings, Clerc said the group is facing intense cost pressures that would have to be passed on to customers.

“We are highly energy intensive industry, and that has created a whole new set of circumstances that we now have to deal with,” he said. “That will have an important impact on the second and third quarter,”