Dow Doubles Plastic Price Hike Amid Iran War Blockage

Dow, a chemical maker, has doubled its previously announced price hike in plastic resins due to the shutdown of the Strait of Hormuz, which is blocking the supply of raw materials. The price hike will impact customers who use Dow's plastic resins in their products. Dow's CEO, James Fitterling, had announced the initial price hike at an investor conference last week.