Iran War Drives Up Oil Prices, Making Everyday Plastic Items More Expensive

• The Iran war is causing oil and natural gas prices to surge, directly impacting the cost of plastic products.
• Over 99% of plastics are derived from fossil fuels, linking energy costs directly to manufacturing expenses.
• Key plastic materials like polyethylene and polypropylene have seen double-digit price increases.
• Disruptions in the Strait of Hormuz, a vital energy chokepoint, are exacerbating price hikes.
• Consumers will likely see price increases on plastic goods and packaged items, with long-term effects expected even after the conflict.