Global crude benchmarks advanced over 3% on Wednesday to settle at six-week highs, driven by escalating US-Iran military exchanges and expanding maritime blockades across both the Strait of Hormuz
South Korea's government has cleared a second industry-led restructuring plan for its petrochemical sector, approving the "Yeosu Project No. 1" as producers grapple with prolonged global oversupply
Global crude benchmarks advanced approximately 2% on Tuesday to settle at five-week highs, driven by intensifying military exchanges between the US and Iran alongside expanding threats to key maritime shipping logistics.