Explained | US-Iran war and the most impacted chemical stocks due to it
The Iran-Israel-US war has entered its 10th day and the Strait of Hormuz, a critical trade route, remains shut for the sixth consecutive day. This has resulted in a surge in oil prices and a sell-off across global markets. As tensions in the Middle East continue to escalate, trade is disrupted, and chemical stocks are in focus as they declined up to 4% on Monday. Here's a roundup of the chemical firms and the impact they may see due to the ongoing conflict, according to brokerage firm IIFL.
The Iran-Israel-US war has entered its 10th day and the Strait of Hormuz, a critical trade route, remains shut for the sixth consecutive day. This has resulted in a surge in oil prices and a sell-off across global markets. As tensions in the Middle East continue to escalate, trade is disrupted, and chemical stocks are in focus as they declined up to 4% on Monday. Here's a roundup of the chemical firms and the impact they may see due to the ongoing conflict, according to brokerage firm IIFL.
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