Shipping giant Maersk: We are seeing $500 million in extra costs per month amid Iran war

Maersk CEO Vincent Clerc discusses the impact of the Iran War on the shipping industry. In a wide-ranging interview with CNBC, Clerc discusses the energy price shock, the recent U.S. mission to guide a Maersk-operated ship safely through the Strait of Hormuz, and the possibility of demand destruction if trade volatility continues.