FlashFeed

A potential closure of the Strait of Hormuz poses inflation risks beyond oil, particularly for the global plastics industry. Petrochemical feedstocks used to manufacture plastics are heavily sourced from the Persian Gulf region. Analysts warn consumers should brace for price rises across a wide range of everyday plastic goods.

Worried about consumer inflation to come from Strait of Hormuz closure? The economy has one word for you other than oil: plastics.