The global maritime industry is facing a looming shortage of the fuel that powers ships as the Iran war chokes off a key shipping lane in the Strait of Hormuz.

Supply chain disruptions caused by the Iran war are spreading beyond oil markets into global food and chemical industries, according to media reports.

The global maritime industry is facing a looming shortage of the fuel that powers ships as the Iran war chokes off a key shipping lane in the Strait of Hormuz.

Experts say consumers and companies should brace for price spikes to shipping costs and impacts to bottom lines.