The Middle East situation is troubling Serbia's import of chemical raw materials, causing supply chain anxiety to spread throughout Europe.

On April 8th, the United States and Iran announced a two-week ceasefire and agreed to begin negotiations. Iran subsequently stated that ships passing through the Strait of Hormuz could safely transit during the ceasefire if coordinated with the Iranian armed forces. Upon this news, the international crude oil futures prices, which had been experiencing significant fluctuations due to the tension in the Middle East, sharply dropped as the New York WTI and London Brent crude oil futures both fell by over 15%, breaking the $100 per barrel mark. Looking back at the previous weeks, the Middle East situation had been causing volatility, and the global energy markets were also unstable oil prices fluctuated frequently between expectations of supply disruption and geopolitical easing signals, with market sentiment constantly switching between panic and wait-and-see. As a key supply source for global oil and petrochemical raw materials, any movement in the Middle East situation would directly raise crude oil and basic petrochemical raw material prices through the energy supply chain and raw material supply network, further causing a chain reaction in the petrochemical industry chains of various countries, leading to a highly uncertain state in the entire energy and chemical industry market.