How the Strait of Hormuz Crisis Rewrote Global Ethylene Pricing in 2026. On February 28, 2026, US–Israeli airstrikes under Operation Epic Fury triggered one of the most consequential supply shocks in modern petrochemical history. When the Strait of Hormuz effectively closed, the impact wasn't confined to crude oil, it sent immediate and severe shockwaves through the entire naphtha-fed petrochemical value chain. Read More about it: https://www.linkedin.com/pulse/how-strait-hormuz-crisis-rewrote-global-ethylene-pricing-dj2vc