As the war in Iran continues to engulf the Middle East and the Strait of Hormuz stays closed, one of the most visible global economic ripple effects has been fossil-fuel prices. (MIT Technology Review, 2026)

In particular, you can’t get away from news about the price of gasoline, which just topped an average of $4 a gallon. (MIT Technology Review, 2026)

The article states that plastic could be next among the economic ripple effects from these fossil-fuel price increases. (MIT Technology Review, 2026)