News summary: Oil benchmarks recorded a second consecutive weekly decline, although Middle Eastern maritime shipping risks remain relevant to chemical supply chains.
Reuters reported that Brent crude settled at $95.84 per barrel on 13 November 2026 and US WTI at $88.56, with each benchmark down about 2.5% for the week. The report highlighted expectations of a larger global supply surplus and weaker fuel demand.
At the same time, shipping security concerns around the Strait of Hormuz remain in focus. This is an oil-market report: it does not contain a quoted price or confirmed movement for carbon black, micronized carbon black or black pigments in Iran or the Middle East.
Analysis of this news
Energy costs and freight disruptions can influence parts of the carbon black value chain indirectly, but any impact on a specific grade depends on feedstock, contracts, logistics, exchange rates and end-market demand.
Iran and Middle East market note
No independently verifiable comparable carbon black spot assessment for Iran or the Middle East was identified for 13–14 November.