Petrochemical price spikes and shortages from the Iran war likely will cause inflationary effects at least through the end of the year on construction materials, consumer goods, the automative and aerospace industries, and much more, the CEO of chemical manufacturing giant Dow said.
While much of the global supply-shock focus is on oil, natural gas, fertilizers, and even helium for semiconductors, almost 20% of global petrochemical capacity is blocked from the effective closure of the Strait of Hormuz chokepoint by Iran, said Dow chair and CEO Jim Fitterling.
“The die is being cast for the rest of the year for what’s going to happen in the markets,” Fitterling said at the CERAWeek by S&P Global conference in Houston. “It’s like the unwind we saw on supply chains during COVID."
Read more: https://fortune.com/2026/03/27/dow-ceo-iran-war-high-petrochemical-prices-through-2026/
https://fortune.com/2026/03/27/dow-ceo-iran-war-high-petrochemical-prices-through-2026/
Posted by fortune
7 Comments
**yikes**
We all doing to “die is cast”
Derp
That’s the obvious truth. A lot of the market movements are just people trying to make a quick buck right now, but the actual consequences are going to hit.
That quote makes it seem things won’t get worse, lmao
High NAT Gas and oil, there’s something related the tech bros are talking about; liquified Helium.
Shits about to hit the fan:
https://www.scmp.com/economy/china-economy/article/3348153/semiconductors-medical-tech-iran-war-puts-helium-users-edge
Where are all the “eggs prices are too high” losers now?