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Strait of Hormuz instability threatens critical raw materials supply
- Ongoing instability in Hormuz is driving price increases in critical minerals, exposing and straining global supply chains beyond energy into strategic raw materialsIranian crude reaches India under sanctions waiver since March 20: TankerTrackers data
- Shipment marks rare delivery of Iranian oil to India as a temporary US waiver allows cargoes loaded before March 20 to be offloaded
12.04.2026
Refining/Petro Chemistry
Brent down to $107.68 after volatile week driven by Middle East tensions
- Attacks on key energy infrastructure in Iran, Qatar and Kuwait keep supply risks elevated as Brent retreats from recent highs above $119 as geopolitical premium softensBeijing activates energy emergency measures amid Hormuz risks
- The Strait of Hormuz is China's most critical energy route, with Beijing buying about 5.4 million barrels of crude passing dailyUS oil rig count down for week ending Dec. 27
- Number of US oil rigs fall by 79 compared to one year ago
01.03.2026
Refining/Petro Chemistry