German chemicals giant BASF lifts guidance on Iran war price boost

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BASF raised its 2026 profit outlook for the second time this year, citing price increases to customers following the outbreak of the Iran war. The report links the German chemical company's improved guidance to wartime price pressures.

German chemicals giant BASF lifted its 2026 profit outlook for the second time this year on Wednesday as it hiked prices to clients following the outbreak of the Iran war. The make...