The ongoing military conflict involving the United States, Israel, and Iran has led to significant disruptions in global supply chains.
On February 28, Iran’s navy closed the Strait of Hormuz, a critical shipping route responsible for handling 20% of global oil trade, resulting in immediate shipping delays.
In response, major shipping lines have enacted surcharges. On March 1, Hapag-Lloyd introduced a “war risk surcharge” of $1,500 per 20-foot container for deliveries in the affected region. CMA CGM also imposed an “emergency conflict surcharge” of $2,000 per 20-foot container for bookings in the area.
The situation escalated further following an attack on an oil tanker and renewed threats from Houthi rebels in the Red Sea. As Gulf ports faced growing reliability issues, Oman’s Salalah port became a key alternative for rerouted shipments.
The conflict is affecting industries such as energy, healthcare, technology, and agriculture, leading to shortages and price hikes. With ongoing volatility, businesses are advised to review and implement contingency plans to manage supply chain disruptions.