MarketPulse

Strait of Hormuz disruption

2 articles
BenzingaBenzinga··Evette Mitkov

LyondellBasell Sinks as Naphtha Crisis Roils Petrochemical Markets

$LYB declines as Iranian attacks tighten naphtha supply, spike prices 50% to $875/tonne, forcing Asian petrochemical production cuts.
LYBsupply chainStrait of Hormuz disruption
BenzingaBenzinga··European Capital Insights

Oil Surges to 9-Month High as Iran Strikes Roil Markets; Europe Faces Growth Headwinds

Oil prices spike to 9-month highs after US-Israel strikes on Iran. Euro core inflation eases to 2.2%, supporting ECB rate cuts, but Italy's growth weakens and shipping disruptions threaten supply chains.
BASFYAMKBYTKAMYAIIXYMiddle East tensionsIsrael-US strikes on Iran