The conflict around Iran continues to disrupt energy and petrochemical trade through the Strait of Hormuz and regional export hubs, keeping feedstock availability and freight routes unpredictable. Iran’s suspension of petrochemical exports and temporary restrictions on maritime traffic have tightened global flows of key feedstocks such as ethylene and propylene, adding pressure to European supply chains.

Markets are responding with volatile energy and feedstock prices and higher shipping and insurance costs, prompting European converters to accelerate sourcing diversification.
As markets try to return to normal, PIE is closely monitoring this process, with all its disparities and volatilities.