According to Enterprise CEO Jim Teague, how much daily global petrochemical and energy supply could be constrained by a prolonged Strait of Hormuz closure?

Jim Teague stated that a prolonged closure of the Strait of Hormuz could constrain 12 million to 15 million barrels a day of crude oil, refined products, propane, and petrochemical supplies, depending on the scenario.

What specific financial impact has the Iran war had on US ethylene production margins, as reported by Teague?

Teague reported that the cracking spread for turning ethane into ethylene has more than tripled since the regional conflict began, reaching approximately 23 cents per pound, while the spread to turn ethylene into polyethylene has more than doubled to 45 cents per pound.

Markets Downplay War's Impact on Petrochemicals, Pipeline CEO Says

Apr 28, 2026

Enterprise Products Partners CEO warns markets underestimate the Strait of Hormuz closure's impact on global petrochemical supply chains. US producers are capitalizing on disrupted Asian markets with tripled ethane-to-ethylene margins and robust export activity.

bloomberg

2026-04-28

Markets Downplay War's Impact on Petrochemicals, Pipeline CEO Says

Markets Downplay War's Impact on Petrochemicals, Pipeline CEO Says

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