Dow CEO: 275 Days to Normalcy, Prices Soaring

Outgoing Dow CEO Jim Fitterling warns on CNBCs Mad Money that reopening the Strait of Hormuz could take up to 275 days, contradicting investor expectations. The straits closure since March due to the Iran war has caused a significant logistics backup, leading to a massive surge in polyethylene prices. Despite the challenges, Dow reported solid first-quarter revenue and a smaller-than-expected loss, with shares climbing 65% this year. Fitterlings departure in July signals a long road to recovery, reshaping supply chains for the foreseeable future. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8ea6e52a41d5898e

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