Dow Chemical states that once the Strait of Hormuz is reopened, the recovery of petrochemical product flow will be very slow.

Jim Fitterling, CEO of Dow Chemical, warned that even if the Strait of Hormuz reopens, it may take up to nine months for the flow of petrochemical products in the Persian Gulf to return to normal. Fitterling said that about 20% of global petrochemical production capacity has been disrupted due to the Iran conflict, with key petrochemical raw materials such as naphtha trapped in the Persian Gulf. Since the outbreak of the war, the growth in demand for polyolefins has driven a significant increase in prices for its raw materials ethylene and propylene, with spot polymer-grade propylene surging by nearly 50% and ethylene prices skyrocketing by more than 60%.