The "energy war" in the Middle East continues to escalate, with oil, gas, and chemical assets surging across the board

The "energy war" in the Middle East continues to escalate, with oil, gas, and chemical assets surging across the board. The global petrochemical supply chain has been severely impacted, and the outlook for the reopening of the Strait of Hormuz remains uncertain. The A-share petrochemical sector is leading the gains, with the Wind Petrochemical Index rising over 5%. Iran claims that the Jubail Industrial City in Saudi Arabia was attacked, with oil prices reaching a peak of $116.5 per barrel during trading. Huatai Futures points out that the uncertainty in the Middle East situation is significant; if the strait is blocked, crude oil prices could exceed $200 per barrel, and refined oil prices may surpass $300 per barrel