On March 12, the International Energy Agency (IEA) noted in its latest monthly report that the global oil market is facing the most severe supply disruption in history due to the ongoing conflict in the Middle East. With shipping in the Strait of Hor
In March 2026, escalating geopolitical conflicts in the Middle East triggered severe turbulence in global energy markets, driving international crude oil prices above the $100-per-barrel mark. Brent crude futures surged to a peak of $111.04 per barr
Geopolitical conflicts have driven up international oil prices and raw material costs, impacting the petrochemical industry. Compounded by disruptions to shipping through the Strait of Hormuz and rising logistics costs, this has led to tight supp
As of March 13, 2026, the global polyolefins market remains under severe strain. Polyolefin prices in Europe have risen by 30% compared to pre-conflict levels, by 15% in North America, and by more than 25% on average in Asia. Data source
Summary: ① One of the most pressing concerns in global financial markets right now is: When will the U.S.-Iran conflict end? Both the U.S. and Iran made statements over the weekend regarding a ceasefire. ② On the 14th, U.S. President Trump stated tha
On March 13 local time, US President Trump announced that US forces had launched a "fierce air strike" on military targets at the Khark island, a key oil export hub in Iran, a move that completely shattered the fragile balance in the Middle East and