News / Threat of rising oil price adds to frustration for crisis-hit supply chain chiefs

New warnings from the World Bank of surging oil prices, adding to the continuing instability in the Middle East, will add more risk to forwarders’ and shippers’ supply chains.

The international financial institution said a serious escalation in Iran-Israel hostilities could push oil prices beyond the $100 a barrel mark, adding further worries to supply chain managers left nervous by Iran’s recent seizure of a box ship.

Drewry MD and head of supply chain advisors Philip ...