According to recent industry research, the Industrial Rubber Products Market is projected to reach US$ 228.2 billion by 2034 from US$ 125.78 billion in 2025.
Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances, the CEO of V.Group, a leading global ship manager, told Reuters.
The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday.
Both the European Union and the United States are committed to complying with their trade agreement, U.S. Trade Representative Jamieson Greer said on Wednesday after broad new tariff threats over forced labour rankled Washington's trade partners.
European automotive, construction, metals, chemicals and transport sectors could lose up to 1.3 million jobs this year as a result of a surge in energy prices caused by the U.S.-Iran conflict, Labour Commissioner Roxana Minzatu said on Wednesday. "Due to the war in the Middle East, up to 1.3 million jobs are at risk and we are talking about jobs in energy-intensive industry, particularly," Minzatu told a news conference.
Takeaways, supermarkets, and bakeries in Japan are running out of plastic bags, trays and food service gloves amid widening shortages of the key plastic ingredient, naphtha, due to the Middle East crisis.