July fighting squashed the promise of a June ceasefire and the Strait of Hormuz reopening, creating a “stop-start recovery” for the flow of virgin materials as prices rise.

Renewed Iran war fighting is stalling Hormuz tanker traffic and threatening Asian refiners' planned crude supply ramp-up.

July fighting squashed the promise of a June ceasefire and the Strait of Hormuz reopening, creating a “stop-start recovery” for the flow of virgin materials as prices rise.