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Japanese company reviews earnings forecast due to Strait of Hormuz situation
Major shipping companies, including Mitsui O.S.K. Lines, were severely affected by the closure of the Strait of Hormuz. © Mitsui O.S.K. Lines
TOKYO -- The Iran War will prompt a massive supply chain rethink globally and lead to long-lasting inflationary pressures, the chief executive of major Japanese shipping operator Mitsui O.S.K. Lines warned, as shipping through the Strait of Hormuz continues to be disrupted despite a two-week ceasefire.