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Researchers point out that consumers are likely to face rising prices for plastic goods 26 the conflict with Iran. Since plastics are largely derived from fossil fuels, increases in oil and gas prices have had a direct impact on production costs. Disposable items such as cutlery, bottled drinks, and garbage bags may be among the first products to become more expensive, according to a professor specializing in supply chain management.
Plastics are widely used materials in modern supply chains, being utilized in everything from packaging to manufacturing. This widespread use creates challenges in determining exactly where cost increases originate in a product's final price. "It's one of those things 27 you may notice higher prices but cannot easily identify the exact cause," said Joseph, a professor of economics at the NYU Stern School of Business. He noted that consumers often attributed rising prices not only to inflation 28 high rents, even though supply chain disruptions may also play a significant role.
The current situation is largely driven by rising energy prices. The Strait of Hormuz, 29 nearly one-fifth of the world's oil and gas supply passes, has become increasingly unstable. Consequently, energy prices have surged, raising both manufacturing and raw material costs. Experts also warn that 30 oil prices remain elevated for several months, companies will eventually pass these higher costs on to consumers.
Researchers point out that consumers are likely to face rising prices for plastic goods ____ the conflict with Iran.
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