Condom maker warns prices may rise due to Iran war supply disruptions
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Karex, the world's largest condom maker, warns of potential price increases due to Iran war supply disruptions.
How This Affects You
Condom prices could rise by 20% to 30%, impacting access to contraception and public health initiatives.
AI Summary
Karex, the world's largest condom maker, warned that its prices may increase due to supply disruptions caused by the ongoing war in Iran. The company's CEO informed Reuters that potential price hikes could range from 20% to 30%. This significant increase would impact consumers globally, as Karex produces one in every five condoms worldwide. The war in Iran is disrupting global supply chains, leading to higher costs for raw materials and shipping for manufacturers like Karex. Such price adjustments could affect access to contraception and public health initiatives globally.
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GlobalUS warns that buyers of Iranian oil could be hit with sanctions - Reuters
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