OilChem: Middle East conflict disrupts China methanol imports pattern

A sharp escalation in Middle East tensions has rattled global energy markets, with China methanol sector facing potential supply risks following Iran blockade of the Strait of Hormuz.

On February 28, 2026, Israel announced a second military strike on Iran. Hours later, the Strait of Hormuz, a critical passage for global energy shipments, was blocked. The response in Asian markets was immediate. China's methanol futures surged to the daily limit on March 2, while spot prices in