DuPont raises earnings guidance as price increases offset rising costs due to the Iran war

Its share price surged by as much as 7.4% in early trading, reaching $48.77, hitting its highest intraday level since March. The escalation of conflict in the Middle East has disrupted the flow of oil and petrochemical products through the Strait of Hormuz, tightening global chemical supplies and driving up the prices of plastics, polymers, and resins.