Iran halts petrochemical exports until further notice

Iran halted all petrochemical exports to prioritise domestic supply and prevent shortages of raw materials, the economic newspaper Donya-e-Eqtesad reported on Thursday, due to disrupted production after Israel struck several petrochemical hubs.

The instruction was issued on 13 April by a senior National Petrochemical Company official overseeing downstream industries, and told petrochemical firms to suspend exports until further notice.

The export ban primarily aims to stabilise domestic markets and ensure supply to industries following damage caused by recent attacks.

Reporting by Reuters