World's biggest condom maker to raise prices due to Iran war
Summary
Karex, the world's largest condom maker, plans to raise prices by up to 30% due to higher costs linked to the ongoing Iran war. The conflict has disrupted global oil supplies, which increases the price of materials needed to make condoms.Key Facts
- Karex produces over five billion condoms yearly and supplies brands like Durex and Trojan.
- Raw materials such as ammonia (used to preserve latex) and silicone-based lubricants are affected by oil supply disruptions.
- Iran’s threats in the Strait of Hormuz have caused major interruptions in global oil and gas shipments.
- The price increase could be even higher if the conflict continues.
- Condom demand has grown about 30% this year, partly due to economic uncertainty.
- Higher shipping costs and delays are making supply shortages worse.
- President Donald Trump has extended a ceasefire with Iran to allow time for peace talks.
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