Dow, a chemical maker, has said it expects supply disruptions linked to the Middle East conflict to persist through 2026, warning of higher costs and potential delays to planned industry capacity additions, according to Reuters.

Ongoing tensions in the region are likely to keep oil and naphtha prices elevated, steepening the global cost curve for producers, Dow has said on a post-earnings call.

It adds that the conflict could delay or cancel planned capacity expansions across the industry, as companies reassess investments amid heightened uncertainty and supply-chain disruptions.