CNN
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Shipping & biotech CEOs on Strait of Hormuz supply chain turmoil
Posted
March 13, 2026
Views
125,146
Likes
1,189
Comments
496
Engagement
1.35%
March 13, 2026
125,146
1,189
496
1.35%
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11:25Now PlayingMarket anxieties about the Strait of Hormuz - a significant artery for the world’s energy - have pushed oil prices to their highest point since July 2022, the summer after Russia’s invasion of Ukraine. The United Nations warned on Friday that restrictions on the flow of ships through the strait will have an “immense impact” on humanitarian efforts as the war continues.
“When ships stop moving through that Strait, the consequences travel fast,” Tom Fletcher, the United Nations’ under-secretary-general for humanitarian affairs, said. “Food, medicine, fertilizer and other supplies become harder to move and more expensive to deliver.”
The CEOs of Maersk and Pivot Bio discuss challenges to their businesses and the global economy due to threats in the Strait.
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