Strait Talk on Chemicals—Getting Closer to the Finish Line

Research evidence excerpt

Strait Talk on Chemicals—Getting Closer to the Finish Line

June 18, 2026 | 04:00 ET~

US Chemicals

Strait Talk on Chemicals—Getting Closer to the Finish US Chemicals

Line John P. McNulty, CFA Analyst

john.mcnulty@bmo.com (646) 946-8428

Bhavesh Lodaya Analyst

Bottom Line: bhavesh.lodaya@bmo.com (347) 274-1393

In this edition of Strait Talk, we cover a host of topics as we see positive news flow and Caleb Boehnlein Senior Associate

the potential for a U.S.-Iran peace deal that opens the Strait and brings the war to a caleb.boehnlein@bmo.com (347) 906-1860

potential end. We detail a number of the notable commodity moves this week since the Margarita Margulis Associate

news first hit, as well as our usual Strait Traffic update. Additionally, we detail updated margarita.margulis@bmo.com (332) 257-0592

thoughts from our conversation with CMA's leading polyolefins expert on what the Legal Entity: BMO Capital Markets Corp.

Strait opening may mean for the petrochemical industry. Finally, while there are a lot of

potential nuances around a peace-deal, we have attempted to highlight the subsectors What's Inside

and stocks that we see as the potential "winners" with a peace deal, the names that Given the accelerating flow of information—

may struggle or be disadvantaged with the Strait opening and the potential names from plant closures and commodity pricing to

where we could see a "head fake". demand trends and management & industry expert

commentary—our "Strait Talk on Chemicals" series is

Key Points designed to keep pace with these rapidly evolving

developments; the report will be updated frequently

to deliver timely, actionable, and time-sensitive news

News From the Iran Conflict and insights.

The biggest news this week has been U.S. and Iran agreeing to an MOU on Sunday