Chemical companies rise after U.S-Iran peace talks fail

Eastman Chemical Co

13/04/2026 10:23

Updates

** U.S.-listed shares of chemical companies gain premarket

** U.S. said it will begin a blockade of maritime traffic entering and leaving Iranian ports and coastal waters after weekend peace talks with Iran failed

** Disruptions to oil and petrochemical flows through the Strait of Hormuz following the outbreak of the Iran war have tightened global chemicals supply and lifted prices of plastics and polymer

** Chemical companies DOW DOW.N up ~2%, LyondellBasell LYB.N inches up ~3%

** Eastman Chemical EMN.N advances 2.1%

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.Bafna@thomsonreuters.com))