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Due to the impact of the US-Iran conflict, the security situation in the Strait of Hormuz has worsened. Denmark's shipping giant Maersk Group has suspended its vessels from passing through the Strait of Hormuz and has initiated an emergency transportation plan to transport goods via land routes. The group's Chief Commercial Officer stated that while this measure helps ensure the safety of employees and crew members, it also brings significant economic pressure to the company. Maersk Group's Chief Commercial Officer, Kasten Kirddal, stated that not only have the transportation costs of goods directly entering and leaving the Gulf region increased, but the transportation costs of other routes have also significantly increased due to factors such as rising fuel prices. The additional costs brought about by these factors currently exceed $500 million per month, which the group cannot bear alone. Therefore, they can only pass on some of the costs to customers, many of whom are also facing pressure from rising raw material prices. Industry experts believe that the increase in transportation and production costs may further transmit to the consumer market in the future. (CCTV News)