EPD CEO warns markets underestimate Hormuz closure impact in World Economy News 30/04/2026 Enterprise Products Partners LP Chief Executive Officer Jim Teague said Tuesday that investors are underestimating the potential global supply implications from a prolonged closure of the Strait of Hormuz, adding to industry warnings about disruptions from the Iran war. “We believe the financial markets are underestimating the potential global supply implications from a prolonged closure of the Strait of Hormuz,” Teague said during an earnings call to discuss the pipeline operator’s quarterly results. The CEO said 12 million to 15 million barrels a day of crude oil, refined products, propane and petrochemical supplies could be constrained, depending on the scenario. Teague noted that a healthy petrochemical business benefits Enterprise, adding that the company will ship out around 3 million barrels of ethylene in April. The company said interest in ethane and propane remains strong globally, including continued appetite from international producers to convert cracking units to run on cheaper US feedstock. Shares of Enterprise Products Partners rose as much as 1.8% in New York after the pipeline company posted first-quarter revenue of $14.39 billion, topping the average analyst estimate of $13.58 billion. Gross operating margin for the company’s natural gas liquids pipelines and services business rose almost 6% from the same period last year. Enterprise reported export activity averaging about 70 million barrels per month across its US NGL docks in the quarter, while expecting to load more than 88 million barrels in April. Source: Investing.com 2026-04-30 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share