Iran war pushes companies to raise prices on beer, paint, fries and more

Iran war and Strait of Hormuz closure raised commodity and freight costs for companies like Sherwin-Williams, Boston Beer, Lamb Weston, International Paper, and Unilever.

These companies are raising prices on products such as beer, paint, french fries, and packaging to offset higher costs.

The price increases could fuel inflation and affect interest rates, with Fed officials voting 9-3 to leave rates unchanged.

Investors have reacted positively to price hikes, boosting shares of manufacturers and consumer staples, while tech stocks slipped.