Plastic Bottle Makers Get Pinched by War-Driven Forces Majeures

Several makers of monoethylene glycol and purified terephthalic acid have declared forces majeures as the Persian Gulf conflict damages oil fields, disrupts processing plants and halts most shipping through the Strait of Hormuz. The fallout could push US packaging costs up by roughly 5% within a month, and by as much as 20% in some categories.  Read more here.