The conflict between Israel and Iran could lead to potential supply disruptions in the Middle East, with the greatest potential impact on the global urea and methanol markets, as Iran was a major exporter, accounting for approx. 10%/ 25% of global seaborne trade, respectively, Citi Research issued a research report saying. Reduced gas feedstock supply may affect chemical output.Reviewing China's refined oil pricing mechanism, when the oil price exceeds US$80 per barrel, refining margins will begin to gradually decrease. If oil price surpasses US$130, refined oil prices may not be further increased. Related NewsCiti: Oil Prices May Leap 15-20% If Iranian Oil Exports DisruptedAlthough potential inventory increases may buffer short-term profits, SINOPEC CORP (00386.HK) 0.000 (0.000%) Short selling $60.79M; Ratio 30.890% 's core GRM is expected to be affected by rising crude premium and cash cost. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-25 12:25.)