
Hormuz Crisis Week 2: Brent Hits $120, Trump Signals End to Iran War, but PE Supply Remains Paralyzed
Brent crude surged to $119.50 before crashing below $90 on March 9 as Trump signaled the Iran war is nearly over. But PE and PP supply chains remain paralyzed: all major carriers suspended, cascading force majeures across the Gulf, and HDPE, LLDPE, LDPE, and PP prices surging across India, Europe, and Southeast Asia.








