Recently, based on the latest updates from the Islamic Revolutionary Guard Corps (IRGC), U.S. Central Command and the International Maritime Organization, repeated cross-strikes between the U.S. and Iran have led to stricter overall controls over the Strait of Hormuz, putting mounting pressure on global shipping, chemical and manufacturing industrial chains.

Previously, the blockage of the strait disrupted exports of oil, gas and chemical products.After Iran launched a 60-day free navigation policy on June 23, 2026, logistics costs have dropped, and the resumption of production at Middle Eastern oilfields has fueled a recovery in demand for chemical agents. Waverley looks forward to the steady development of the industry and stands ready to cooperate with customers to jointly expand the Middle Eastern market.

Amid the recent turbulent changes in the Middle East, a chain of repercussions has been triggered across the global energy industry, raw material supply, and logistics and transportation. As a high-tech environmental control enterprise integrating the R&D, production and sales of oilfield chemicals, we aim to objectively and transparently share with you the actual impacts of these changes on the industry and on our company, as well as the efforts we are making.

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