Analysis-Iran war chokes petrochemical supply, sends plastic prices soaring

By Pooja Menon and Pranav Mathur March 26 (Reuters) - Disruptions to oil and petrochemical flows through the Strait of Hormuz following the outbreak of the Iran war have tightened global chemicals supply and lifted prices of plastics and polymer, used in everything from auto parts to toys, to roughly four-year highs. About $20 ‌billion to $25 billion worth of petrochemical products pass through the Strait annually, according to Rabobank, underscoring the fact that continued disruptions to this flow wou ...