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Indonesia Petrochemical Giant Declares Force Majeure on Iran War

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By Nicholas Lua, Harry Suhartono, and Rieka Rahadiana

March 3, 2026 at 9:42 AM UTC

Indonesian petrochemical maker PT Chandra Asri Pacific has declared force majeure, citing disruption to feedstock shipments through the Strait of Hormuz following the outbreak of the Iran war.

The Jakarta-based company notified customers of the disruption in a March 2 notice seen by Bloomberg News, saying the duration of the force majeure remains uncertain.