Manufacturers in China are dealing with supply and pricing volatility due to the fluctuating status of the Strait of Hormuz. Soaring oil prices are impacting raw materials vital to the world's largest manufacturing sector.

As the Strait of Hormuz reopened and closed again this week, manufacturers across China are navigating a roller coaster of concerns rooted in supply and pricing volatilities. Soaring oil prices have already filtered through to processed fuel and petroleum-based raw materials that help power China’s manufacturing sector – the world’s largest – and a fragile two-week ceasefire between Iran and the United States is unlikely to restore pre-conflict stability in the near term, according to industry.....