US benefits from high oil prices, but priority is stopping Iran: Donald Trump

US ⁠President ⁠Donald Trump ‌said ​on Thursday that ​rising ⁠oil prices mean ⁠greater profits ‌for the ‌United ⁠States, but his priority ‌is ‌stopping ‌Iran from having ⁠nuclear ⁠weapons.

The US-Israeli war on Iran is rattling businesses worldwide, driving up energy prices, squeezing ​supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts.

Restaurants and hotels across India warned of disruptions and possible shutdowns as the Iran war constricts the supply of cooking gas, prompting authorities to set up a panel to review industry requests.

India's packaged water market is also seeing some manufacturers hike prices for distributors, as supply disruptions linked to the war impact everything from plastic bottles to caps, labels and cardboard boxes.

Rising oil prices have increased the cost of polymer, which is made from crude oil and is a key material in manufacturing plastic bottles.