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Intermediate term impacts of Iran war on prices of hydrocarbon products

Discussion

Well, hopefully this ceasefire sticks.

In addition to the closing/partial closing (squeezing?) of the straight of Hormuz, a lot of major refineries in the Gulf sustained critical damage from Iranian attacks.

Is there enough spare refining capacity to make up for the short fall until the gulf refineries come back online, and what will be the short to intermediated effects on refined hydrocarbon products?

Are there any benchmarks/indexes for the average price of refined hydrocarbon products, and have spreads between those and raw crude indexes been widening?

Posted Jul 4, 2026, 6:34 PM UTC

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