By Beth McKenna, The Motley Fool
Publication Date: 2026-03-25 00:40:00
Some of you who own Nvidia (NASDAQ: NVDA) stock or are considering buying the artificial intelligence (AI) chip and infrastructure leader’s stock might be wondering if the Iran war, which began on Feb. 28, will hurt Nvidia’s financial results. Let’s explore this question.
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An increase in supply chain costs is probably already hurting Nvidia’s financial results (and those of many other companies). This increase in supply chain costs is mainly due to significantly higher transportation costs stemming from soaring crude oil prices.
Crude oil prices have skyrocketed since the war began. This is because Iran has effectively closed the Strait of Hormuz to oil tankers and other ships. This narrow waterway, which is off Iran’s southern coast, is critical for the global oil supply since about 20% of the world’s oil passes through it.
Surging crude oil prices have already driven up the prices of various distillates, including gasoline, diesel fuel (used by many delivery trucks), jet fuel (used by many aircraft, including cargo planes), heavy fuel oil (used by most cargo ships), and heating oil. These increases have boosted select oil stocks, but have hurt many other stocks.
Nvidia sources components from around…
