International Energy Agency & CMA CGM

International Energy Agency: The International Energy Agency has warned about rapidly declining commercial oil stocks and the significant supply disruption caused by the effective closure of the Strait of Hormuz due to the Iran war.

CMA CGM: CMA CGM, a container carrier, has shifted some increased fuel costs to customers through surcharges.

International Energy Agency: The International Energy Agency has warned about the severe global energy shock caused by the conflict, highlighting the potential for the market to enter a 'red zone' due to summer fuel demand and lack of Middle East supply.

CMA CGM: CMA CGM's Galapagos container ship successfully exited the Strait of Hormuz, representing a small step towards normalizing shipping despite ongoing tensions.