Crude Oil Feedstock →supply up
Gasoline and diesel
Reopening the Strait of Hormuz would ease crude feedstock disruption, directly increasing refinery input availability for gasoline and diesel production.
88% confidence
Crude Oil Feedstock →supply up
Home heating oil
Smoother crude inflows should raise refinery feedstock availability and therefore home heating oil output.
87% confidence
Mixed Natural Gas Liquids (NGL Stream) →supply up
Propane (home use)
Mixed NGL stream is a critical input for home-use propane, so easing tanker disruption risk should increase propane availability.
86% confidence
Medical helium →supply up
Helium-rich natural gas feedstock
Medical helium is critically dependent on helium-rich natural gas feedstock, so reopening the Strait of Hormuz would likely ease transport disruption and increase feedstock availability.
84% confidence
Crude Oil Feedstock →Stands to benefit
Irving Oil
As a refinery dependent on crude feedstock, Irving Oil benefits from lower Hormuz-related supply disruption risk and easier replacement of inputs.
83% confidence
Bitumen / Asphalt Binder →supply up
Asphalt and paving materials
As bitumen/asphalt binder is a critical input to asphalt and paving materials, easing tanker disruption risk should increase input availability and reduce supply pressure on that good.
82% confidence
Marine Diesel and Bunker Fuel →supply up
Seafood and fish
Marine diesel and bunker fuel is a critical, high-dependency input to seafood and fish, so easing tanker-disruption risk should improve that sector's operating availability.
72% confidence
Specialty gases for chip fabrication →supply up
Semiconductor-Grade Helium (6N)
Reopening the Strait of Hormuz would ease LNG tanker disruption risk for QatarEnergy, so the helium input already on this path should become more available.
69% confidence
Diesel and Heavy Fuel Oil (underground mining and backup power) →supply up
Saudi Arabia
As an 11% supply source for diesel and heavy fuel oil, restored Strait of Hormuz access should make Saudi-origin shipments less constrained.
62% confidence
Mixed Natural Gas Liquids (NGL Stream) →Stands to benefit
Enterprise Products Partners L.P.
Enterprise's 35% market share and 12-month replacement lead time make it a meaningful beneficiary of a more reliably supplied NGL stream.
58% confidence
Elemental Sulfur (from Oil/Gas Processing) →supply up
Sulfuric acid
If reopening Hormuz eases oil and gas tanker disruption, sulfur output from processing should rise, improving feedstock availability for sulfuric acid.
58% confidence
Diesel and Heavy Fuel Oil (underground mining and backup power) →supply up
Iran
Because the reopening is contingent on Tehran's conditions, Iranian tanker traffic would be a direct beneficiary, improving supply availability.
58% confidence
Diesel and Heavy Fuel Oil (underground mining and backup power) →supply up
United Arab Emirates
As a Gulf supplier on the Hormuz route, reopening would make UAE-linked diesel and heavy fuel oil shipments more available.
57% confidence
Diesel and Heavy Fuel Oil (underground mining and backup power) →supply up
Iraq
Iraq's Gulf export route would face less tanker disruption, lifting supply availability to this fuel input.
56% confidence
Elemental Sulfur (from Oil/Gas Processing) →supply up
Fertilizers and crop inputs
More elemental sulfur availability should loosen a critical input constraint for sulfur-linked fertilizers and crop inputs.
55% confidence
Mixed Natural Gas Liquids (NGL Stream) →Stands to benefit
ONEOK, Inc.
ONEOK's 18% share and limited substitutability suggest it would benefit if NGL disruption risk falls and supply normalizes.
51% confidence
Mixed Natural Gas Liquids (NGL Stream) →Stands to benefit
Energy Transfer LPET
Energy Transfer's 12% market share implies a real but smaller benefit from a less disrupted NGL stream.
48% confidence
Petroleum Coke (Fuel Grade) →supply up
Cement and concrete
Fuel-grade petroleum coke is a critical input for cement and concrete, so easing Hormuz-related tanker disruption risk should modestly improve its availability.
47% confidence
Mixed Natural Gas Liquids (NGL Stream) →Stands to benefit
Targa Resources Corp.TRGP
Targa's 10% share and year-long replacement horizon mean improved NGL availability should help it, though less than larger peers.
46% confidence
