Jim Ratcliffe’s Ineos Gets Debt Break From Iran War Supply Shock

Pressure on Ineos over its €15.5 billion ($18 billion) debt burden is easing as investors bet that the company’s earnings will benefit from disruptions to petrochemical supplies caused by the Iran war.

Bonds of Ineos Group Holdings, the division that produces petrochemicals and polymers, rose last week after the effective closure of the Strait of Hormuz pushed prices for its products sharply higher and disrupted the supply of naphtha — a key feedstock — prompting some companies in Asia to reduce output. Analysts and investors say Ineos stands to gain from higher demand and margins. The company declined to comment.