Iran Price Shock Set to Hit Products From Cleaning to Tires

Consumers are set to start feeling the impact of the Iran war beyond filling up their cars, with price jumps on ingredients for everyday cleaning products, tires and animal feed.

Europe’s chemical makers BASF SE and Lanxess AG are among companies raising prices significantly due to shortages and higher expenses for chemical feedstocks. The ingredients go into a broad range of home and industrial detergents, coatings as well as car tires.