War in Iran Pushes Plastic Costs Through the Supply Chain

Rising oil and gas prices driven by the war in Iran are lifting plastic production costs, since most plastics are fossil-fuel–based. This ripple effect could raise prices for everyday goods like disposable cutlery, bottles, and bags, as packaging costs climb and manufacturers adjust—though substitutes are limited. The impact could spread across packaging, automotive, and other sectors, with price changes potentially lasting several months to a year or more as supply chains normalize.