Back to today’s briefing

Story perspectives

Hormuz Shutdown Sparks Condom Shortage, 30% Demand Rise

4/24/2026

23 2 Full Breakdown

Center

Iran Shuts Strait

The Strait of Hormuz shutdown has triggered unexpected shortages of everyday items such as condoms.
Iran threatened vessels, effectively closing the Strait of Hormuz and disrupting global oil supplies.
Karex reported a 30% demand increase this year, worsened by higher freight costs and delays.
President Donald Trump said he will extend the ceasefire with Iran until peace negotiations progress.

Right

Karex Stock Surge

Karex’s stock surged 14% in Kuala Lumpur, marking its biggest significant intraday rise since October 2025.
Karex, which produces about one-fifth of global condoms, announced price increases of up to 30%.
CEO Goh Miah Kiat warned can last two to three months before material shortages hit.
Consumer demand stays strong as buyers view condoms as essential despite economic uncertainty, Goh added.

1 of 2

Iran Shuts Strait

The Strait of Hormuz shutdown has triggered unexpected shortages of everyday items such as condoms.
Iran threatened vessels, effectively closing the Strait of Hormuz and disrupting global oil supplies.
Karex reported a 30% demand increase this year, worsened by higher freight costs and delays.
President Donald Trump said he will extend the ceasefire with Iran until peace negotiations progress.

1 / 2