Iran Suspends Petrochemical Exports to Avoid Domestic Shortages

Iran has suspended all its petrochemical exports to ensure domestic supply amid reduced local availability following Israeli strikes early this month. The Islamic Republic is halting all exports to prevent a supply crunch for its domestic industries and raw materials, local economic newspaper Donya-e-Eqtesad reported on Thursday. A senior official at the National Petrochemical Company issued the order earlier this week, the Iranian media report. Exports would be halted until further notice, according to the directive. The export halt is intended…