The ongoing closure of the Strait of Hormuz is impacting U.S. consumers as companies increase prices on various products, including beer, french fries, paint, and packaging. Major corporations like Boston Beer, Sherwin-Williams, International Paper, and Unilever have announced plans to raise their prices to counteract rising costs for commodities and shipping. This trend highlights the broader economic repercussions of the conflict in Iran.

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https://www.wsj.com/business/iran-war-pushes-companies-to-raise-prices-on-beer-paint-fries-and-more-e55d31b2

Iran War Pushes Companies to Raise Prices on Beer, Paint, Fries and More

Sherwin-Williams and the brewer of Samuel Adams are among those facing higher commodity and freight costs

Ryan Dezember

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Workers loaded boxes of Lamb Weston fries in a warehouse. French-fry maker Lamb Weston is contending with higher transportation costs.Phil Masturzo/Beacon Journal/USA Today/Reuters

The continuing closure of the Strait of Hormuz is beginning to hit Americans’ wallets far beyond the pump. Companies say they are raising prices on products ranging from french fries and beer to paint and packaging to offset their own rising commodity and freight costs.

Samuel Adams brewer Boston Beer, Sherwin-Williams, International Paper and Unilever—maker of Dove soap and Hellmann’s mayonnaise—are among the companies that have told investors in recent days that they have raised prices or plan to soon to compensate for more expensive raw materials.

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Iran War Pushes Companies to Raise Prices on Beer, Paint, Fries and More

Iran War Pushes Companies to Raise Prices on Beer, Paint, Fries and More

Sherwin-Williams and the brewer of Samuel Adams are among those facing higher commodity and freight costs

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