Iran's strikes in the past 24 hours:Global Petrochemical Supply: The attack targeted a region responsible for 6 to 8 percent of total global petrochemical production, totaling approximately 60 million tons annually.Infrastructure: The Sadara complex (a joint venture with Dow Chemical) has seen all 26 of its production units shut down, with expectations that they will remain offline for weeks.Major Producer Damage: SABIC, currently the world’s fourth-largest petrochemical producer, has suffered direct damage to its facilities.Financial and National ConsequencesExport Collapse: The Jubail region accounts for 85 percent of Saudi Arabia’s non-oil exports; the disruption represents a near-total halt of the Kingdom's diversified export economy.Investment Loss: The strike directly impacts Saudi Aramco’s $70 billion stake in SABIC, threatening one of the largest industrial investments in history.Supply Chain DisruptionsRaw Material Scarcity: Unlike a standard oil refinery strike, this targets the "building blocks" of the global supply chain, including:Medical supplies and sterile packaging.Fertilizers essential for global food security.Plastics and packaging for consumer goods.
>>62088178Its funny how futures markets don't give a fuuuck about any of this lol
