Panic buying in China's plastic city: War on Iran sends price of plastic soaring (opens in new tab)

The US-Israeli war on Iran has sent the price of plastic soaring as much as 60 percent, in one of its most important trading hubs - China's Plastic City\. Production depends on petrochemicals, a huge portion of which comes from the Gulf\. But rising oil prices and the effective closure of the Strait of Hormuz are creating turmoil across global supply chains\. Alexandra Byers reports\. Subscribe to our channel: Follow us on X: Find us on Facebook: Check our website: Check out our Instagram...