FACTBOX: Middle East uncertainty causes significant increases in chemical markets

Several US chemical markets reached pricing levels not seen since last year, aligning themselves to the upward trend worldwide caused by the geopolitical uncertainty stemming from the war in the Middle East. Participants continued to increase the risk premium associated with the current situation, following steep reactions in the upstream crude oil sector. Disruptions in the Strait of Hormuz, theSeveral US chemical markets reached pricing levels not seen since last year, aligning themselves to the upward trend worldwide caused by the geopolitical uncertainty stemming from the war in the Middle East. Participants continued to increase the risk premium associated with the current situation, following steep reactions in the upstream crude oil sector. Disruptions in the Strait of Hormuz, theRead More