Crisis at Hormuz, and your $160b tariff refund clock, with Flexport’s Ryan Petersen

The episode centers on the real-time impacts of global trade disruptions, particularly those stemming from military actions in Iran and the Red Sea. Ryan Petersen, CEO of Flexport, offers insights into how these events affect oil prices, air freight costs, and container shipping routes. He notes that while the U.S. may be somewhat insulated due to its oil production, many Asian countries face potential oil shortages, impacting industries from semiconductors to food production. Petersen also discusses the Supreme Court's tariff ruling, estimating $166 billion in refunds owed to businesses and advising importers to claim their refunds, even suggesting selling them on the secondary market. He emphasizes the increasing importance of AI in logistics and the need for companies to adapt to operate effectively amidst constant uncertainty in global supply chains.