Iran halts petrochemical exports to stabilise domestic supply

Iran has suspended exports of all petrochemical products until further notice in a bid to stabilise domestic supply and prevent shortages following recent disruptions, according to state-linked media reports.

The decision was outlined in a directive issued by a senior official at the National Petrochemical Company, instructing producers to halt exports and redirect output to domestic industries, Iran International reports.

Officials said the measure is intended to support downstream sectors and consumers after damage to infrastructure caused by recent attacks, and to ensure sufficient supply within the country. Domestic prices for petrochemical products have been kept at pre-conflict levels despite rising global prices, with authorities indicating the policy will remain in place for the time being.

Companies have also been instructed to return export cargoes that have not yet cleared customs, with related costs to be documented for potential adjustments to domestic pricing mechanisms.

The move follows disruptions at key petrochemical hubs in Asaluyeh and Mahshahr, where recent strikes reportedly affected utilities supplying feedstock to processing plants, impacting production.

At the same time, the United States Central Command has begun restricting maritime traffic to and from Iranian ports, part of broader efforts by Washington to curb Iran’s export revenues amid ongoing tensions and potential diplomatic talks.

The export halt comes as Iran faces mounting economic pressure. Reports from within the country indicate factory closures and layoffs in industrial areas due to shortages of raw materials and weakened demand. Businesses have also been affected by supply chain disruptions and a prolonged internet shutdown, further complicating operations and contributing to rising costs.

By Sabina Mammadli