Maersk beats Q1 profit forecasts amid Middle East uncertainty. The shipping giant reported EBITDA of $1.73 billion, exceeding analyst expectations of $1.66 billion, but maintained unchanged full-year guidance. The Iran conflict has created significant headwinds, with the closure of the Strait of Hormuz disrupting major trade routes and elevating fuel costs. While Maersk projects container volume growth between 2% and 4% this year, the company warned that higher energy prices and Upper Gulf trade constraints pose substantial downside risks. Freight rates initially fell due to oversupply before rising sharply following the outbreak of war, though rates have since retreated toward pre-conflict levels. Management expects operational disruptions and elevated fuel expenses to pressure margins as it works to pass increased costs to customers.
