Dow, Exxon and Rivals Are Raising Plastic Prices as Iran War Convulses Oil Market

Dow Inc. and Exxon Mobil Corp. are among the companies boosting prices for plastics as the sector grapples with supply shocks from the US-Israeli war on Iran.

Dow said Monday that it will raise prices for North American buyers of polyethylene resins — common plastics found in packaging, films and containers — through at least May, according to a document viewed by Bloomberg. That increase includes a 30-cent-per-pound boost for April and plans for another 20-cent-per-pound hike next month, according to the notice.