Israel Destroys 85% of Iran's Petrochemical Capacity: Physical Oil Hits $141 and Global Resin Markets Reset
Israel struck Mahshahr and Asaluyeh, destroying 85% of Iran's petrochemical capacity. Physical Brent crude hit $141.36 — the highest since 2008 — while futures trade at $109. Naphtha breached $1,000/MT. Every major resin from PE to PET faces Q2 increases. India's HDPE surged 75% and 50% of plastic MSMEs shut down. US producers are the clear winners, with Dow up 25% and LyondellBasell up 88% YTD.
Pedro ZaccariaLeer Más
