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Karex warns of condom price hike
The ongoing conflict in the Middle East has led to increased costs for raw materials and shipping, forcing the Malaysian-based firm to pass these expenses on to consumers.
CEO Goh Miah Kiat stated that the closure of the Strait of Hormuz has created a 'cost of loving' crisis as logistics become increasingly complex.
The price hike is expected to affect both retail customers and state health systems, such as Britain's NHS. The situation highlights how the tremors of the war are reaching far corners of the global economy.