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Iran and Israel Trade Fire as War Impacts Global Supply Chains
Posted
March 6, 2026
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1:02Now PlayingUS President Donald Trump demanded Iran surrender as the war on the Islamic Republic raged for a seventh day, with the impact reverberating across global supply chains and energy markets. #iran #politics #trump #israel #worldnews #oil #usa
Brent crude futures hit $90 a barrel for the first time in almost two years, with shipping through the Strait of Hormuz at a near-total halt and energy exporters scrambling for routes out of the region. Danish container giant A.P. Moller-Maersk A/S suspended two services spanning the Far East to Europe due to security risks.
Qatar warned that a protracted war could “bring down the economies of the world,” predicting that all Gulf energy exporters would shut down production within weeks, the Financial Times reported Friday, citing an interview with the country’s energy minister.
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