Berlin, April 30, 2026 (AFP) - Chemicals giant BASF confident on outlook despite Mideast war

NAMPA / AFP

2026-04-30

German chemicals giant BASF on Thursday said it was well positioned to withstand the effects of the war in the Middle East despite price rises as it presented results for the first quarter. The energy-intensive chemicals sector has been hit hard by the energy shock caused by the closure of the Strait of Hormuz, and BASF in March raised some of its prices in Europe by around 30 percent. Business since March has been "significantly shaped by the co......

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