Business·23.04.2026Résumé IA Dow CEO Warns Strait of Hormuz Disruption Could Take 275 Days to Clear
Outgoing Dow CEO Jim Fitterling warned that clearing the Strait of Hormuz disruption could take 275 days or more, even if the waterway reopened immediately. The strait shut down in early March at the onset of the Iran war, shutting in 20% of global oil capacity while impacting 50% of global ethylene and polyethylene production. Fitterling told CNBC the path back to normal will take several quarters, with petrochemical prices surging 60 cents per pound since March—marking the largest price uplift in over a decade.