http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/03/iran-war-chokes-petrochemical-supply-sends-plastic-prices-soaring/ About $20 B–$25 B worth of petrochemical products pass through the Strait annually, underscoring the fact that continued disruptions to this flow would push producers to pass the higher costs on to consumers. http://hydrocarbonprocessing.com/news/2026/03/jgsoc-appoints-international-process-plants-to-evaluate-sale-of-batangas-petrochemical-complex/ http://hydrocarbonprocessing.com/news/2026/03/iran-war-deals-harder-blow-to-natural-gas-than-oil/ Key gas infrastructure - liquefaction plants in particular - is more complex and expensive to build and repair than the oil equivalent. That means oil refineries can often resume operations more quickly than liquefied natural gas export hubs after a shutdown. http://hydrocarbonprocessing.com/news/2026/03/basf-s-intermediates-division-produces-entire-portfolio-of-acid-chlorides-and-chloroformates-at-its-ludwigshafen-site-using-renewable-electricity-credits/ http://hydrocarbonprocessing.com/news/2026/03/middle-east-shock-gives-dangote-refinery-leverage-as-cheap-imports-dry-up/ http://hydrocarbonprocessing.com/news/2026/03/chinas-sinopec-will-not-buy-iranian-oil-wants-to-tap-state-reserves/ The world's largest refiner usually sources roughly half of its crude oil needs from the Middle East, making it particularly exposed to the near-closure of the Strait of Hormuz amid the U.S.-Israeli war on Iran. http://hydrocarbonprocessing.com/news/2026/03/south-korea-to-review-restructuring-plan-for-largest-petrochemical-complex/ http://hydrocarbonprocessing.com/news/2026/03/prices-for-oil-fuel-cargoes-smash-record-highs-as-iran-war-chokes-middle-east-supply/ Surging oil prices in physical markets — the trading place for oil on ships, rail cars or in storage tanks — have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran. http://hydrocarbonprocessing.com/news/2026/03/bp-agrees-to-sell-12-mmtpy-gelsenkirchen-refinery-to-klesch-group/ http://hydrocarbonprocessing.com/news/2026/03/jones-act-us-waives-shipping-regulation-to-ease-fuel-fertilizer-deliveries/ Under the Jones Act, goods shipped between U.S. ports must be carried on vessels that are U.S.-built, U.S.-flagged and mostly U.S.-owned. Maritime industry unions support the requirement, which sharply limits the number of tankers available for domestic shipments.