Dow CEO warns petrochemical shortage from Iran war could fuel inflation for rest of the year

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 Dow chemical said.

While much of the global supply shock focus is on oil, natural gas, fertilizer, and even helium for semiconductors, almost 20% of the global petrochemical capacity is blocked from the effective closure of the Strait of Hormuz chokepoint by Iran...