The closure of the Strait of Hormuz has sent shockwaves through oil and gas markets, but it is also having a profound impact on supplies of other products from the region. The region is also a huge supplier of petrochemicals, and the biggest supplier of all is Saudi Arabia’s Sabic.
The Saudi giant’s operations are at risk of being highly impacted by the closure of Hormuz, as it routinely exports products from Jubail Port on the Gulf coast to markets across the globe. (CONTINUED – 340 WORDS)
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