Evonik on Tuesday said it is increasing its prices by 15% effective immediately for its amino and keto acid products due to rising energy, raw material and shipping expenses caused by the Iran war.

Supply chain disruptions caused by the Iran war are spreading beyond oil markets into global food and chemical industries, according to media reports.

The global maritime industry is facing a looming shortage of the fuel that powers ships as the Iran war chokes off a key shipping lane in the Strait of Hormuz.

Evonik on Tuesday said it is increasing its prices by 15% effective immediately for its amino and keto acid products due to rising energy, raw material and shipping expenses…

Experts say consumers and companies should brace for price spikes to shipping costs and impacts to bottom lines.

The impacts of the Strait of Hormuz closure are being felt beyond the price of gas.

Petrol prices are rising. So are those of plastics and pistachios

India's state-run oil companies raised petrol and diesel prices by more than three percent on Friday as disruption to energy supplies due to the Iran war mounts pressure on the…