Daily Morning Brief

UK stocks rose supported by miners Rio Tinto and Anglo American, while oil majors dipped on Iran sanction fears; Shell attracted bidder interest for its $8 billion U.S. chemical assets.

Germany's Uniper reports filling 70% of contracted natural gas storage despite low economic incentives and geopolitical risks. CEO Michael Lewis noted ongoing purchases and a new supply agreement with Equinor amid rising global energy prices.

BASF and AdvanSix announced price hikes for nylon and caprolactam amid supply chain disruptions from the Strait of Hormuz crisis. Analysts warn prolonged geopolitical tensions may sustain shortages despite weak downstream demand.

S&P Global Ratings upgraded PTT Global Chemical's outlook to positive, citing expected earnings growth and lower feedstock costs. The company is also studying a joint venture with SCG Chemicals to consolidate ASEAN olefin production capacity.

Shell Plc is seeking buyers for its US chemicals unit, with ExxonMobil among suitors in talks for assets valued at up to $8 billion, including a major polymer production complex.