business

How Strait of Hormuz standoff will close in on supply of America's generic drug prescriptions

CNBC
byKevin Williams
Monday, March 16, 2026 at 11:37 AM
How Strait of Hormuz standoff will close in on supply of America's generic drug prescriptions

Half of US generic drugs are made in India and transit the Strait of Hormuz. Supply chains prepare for emergencies, but prescription stockpiles are limited.

The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the global economy, not just in the form of higher oil prices, but with disruptions in supply chains invo… [+9366 chars]
Language

eng

Source

CNBC

Category

business

Added

6d ago