Live Updates > Live Update Details
2026-04-09 12:21:44
[Middle East Situation Disrupts Serbia's Chemical Raw Material Import Supply Chain; Anxiety Spreads to Europe] On April 8, the United States and Iran announced a two-week ceasefire and agreed to begin negotiations. Iran subsequently stated that ships transiting the Strait of Hormuz could pass safely during the ceasefire if they coordinated with the Iranian armed forces. Following this news, international crude oil futures prices, which had previously fluctuated sharply due to the continued tension in the Middle East, plummeted. New York WTI and London Brent crude oil futures generally fell by more than 15%, both dropping below the $100 per barrel mark. Looking back over the previous weeks, the Middle East situation has been repeatedly volatile, causing the global energy market to fluctuate accordingly—oil prices have frequently oscillated between expectations of supply disruptions and signals of geopolitical easing, with market sentiment constantly shifting between panic and wait-and-see. As a key supplier of global oil and chemical raw materials, any developments in the Middle East will directly push up crude oil and basic chemical raw material prices through energy transportation chains and raw material supply networks, further creating a chain reaction in the petrochemical industry chains of various countries, leaving the entire energy and chemical market in a state of high uncertainty. (CCTV)
