Overview
- Iran has halted all petrochemical exports until further notice to head off shortages at home, with officials keeping local prices at pre‑conflict levels.
- The National Petrochemical Company issued the stop‑export order this week, instructing firms to suspend shipments until further notice.
- Israeli strikes hit utilities that feed major plants in Asaluyeh and Mahshahr, which cut power and feedstock and forced partial shutdowns.
- The U.S. military has begun blocking shipping traffic to and from Iranian ports, adding logistical pressure on exports and revenue.
- Iran typically sells about 29 million tonnes of petrochemicals a year worth roughly $13 billion, so the freeze curbs a major non‑oil income source.