Due to the war between Israel and Iran and the United States joining the war, it is expected that the situation will not be resolved in the short term and the possibility of deterioration is high, and petrochemical products will be in short supply.

Due to the war between Israel and Iran and the United States joining the war, it is expected that the situation will not be resolved in the short term and the possibility of deterioration is high, and petrochemical products will be in short supply.

In addition, Iran is preparing to block the Strait of Hormuz, which is a hub for offshore crude oil transportation. Once blocked, more than 20% of the crude oil supply will be cut off, which may cause a surge in crude oil prices, a surge in global raw material prices, and trigger a sharp inflation.

International crude oil futures market