Goldman Goes Code Red On Global Petrochemical Shock

On top of Goldman analysts raising their oil price outlook on Sunday, a separate research team at the bank issued a major warning Monday about the global petrochemicals industry, cautioning that the fallout from the Gulf energy shock and Hormuz chokepoint closure is now morphing into a manufacturing supply shock. Their assessment: "The 2026 supply disruption appears unprecedented."

Analyst Georgina Fraser and her team warned clients earlier today, "Base chemical prices have risen more than 60% in recent weeks at the fastest rate ever recorded. The global chemical supply disruption resulting from the Middle East conflict is spreading faster and with greater magnitude than we had anticipated, with approximately 20% of global chemical supply already offline."