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Bureau: London
Strikes on Mahshahr's Fajr utility plants shut down all 50+ facilities in Iran's largest petrochemical zone, eliminating roughly half the country's petrochemical output in a single operation.
A Pew survey taken during the Hormuz crisis shows Americans still prefer renewables over fossil fuels, but Democratic support for wind and solar is down 6 points from its 2020 peak.
Ceasefire hopes briefly drove Brent below $109 before Trump's power-plant threat pushed it back above $110. Oil treats all signals as unreliable.
Sinopec stopped buying, India-bound cargo diverted to China, and Iran's crude discount collapsed from $10 to $4. The waiver expires in practice before it expires on paper.