Chandra Asri said to declare force majeure, citing Hormuz | Metals Mine

  • Chandra Asri said to declare force majeure, citing Hormuz

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Ferna
Mar 3, 2026 2:25am
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I guess they'll have to refine what they mean.
I cannot process the energy they are sending.
Is this a strait out shutdown?
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Polimini
Mar 3, 2026 5:37am
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Quoting charlienoble
{quote} China cares very much.
No they don't, they are the least impacted by all this, they have a straight pipeline from Russia, they will probably just pay a bit more as there is less competition but still less than open market because Russia needs money.
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Polimini
Mar 3, 2026 6:08am
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Quoting charlienoble
{quote} 5.4 million barrels a day bound for China through the straight. That's about half their daily import. They care greatly.
i guess that will be close to 0 now and they will buy it all from Russia. It's not ideal to fully dependent on another country but it's a better situation than most other countries that depend on the middle east oil
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Polimini
Mar 3, 2026 6:48am
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Quoting charlienoble
The two pipelines have a max capacity of about 700,000 barrels a day. The math doesn't math for them.
you're assuming two things: they don't have reserves (you're wrong, they have the largest reserves of any country) and the war will last for months (no one knows but lets hope not)
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charlienoble
Mar 3, 2026 6:01am
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Quoting Polimini
{quote} No they don't, they are the least impacted by all this, they have a straight pipeline from Russia, they will probably just pay a bit more as there is less competition but still less than open market because Russia needs money.
5.4 million barrels a day bound for China through the straight. That's about half their daily import. They care greatly.
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Shiham
Mar 3, 2026 2:50am
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indeed here is no volatility. do you see guys. Market has rejected
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EhisUbebe
Mar 3, 2026 2:45am
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Quoting Ferna
I guess they'll have to refine what they mean. I cannot process the energy they are sending. Is this a strait out shutdown?
Loool.....you've got jokes.
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Trader#2887
Mar 3, 2026 4:25am
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Us indexes clearly ignored this war and moved on!! Vanenzuela source is available, who cares about the strait of HORMONES
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charlienoble
Mar 3, 2026 5:20am
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Quoting Trader#2887
Us indexes clearly ignored this war and moved on!! Vanenzuela source is available, who cares about the strait of HORMONES
China cares very much.
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charlienoble
Mar 3, 2026 6:17am
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The two pipelines have a max capacity of about 700,000 barrels a day. The math doesn't math for them.
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charlienoble
Mar 3, 2026 6:57am
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They will burn quickly through reserves and assuming anything in war is stupid on the face of it. None of what you said changes their current position and I still say they care greatly about the closing of the straight. You are making silly arguments.
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Shiham
Mar 3, 2026 2:46am
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Iran, their mouths,their hands as well as their brain are going to be closed for unlimited time
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KingMusa
Mar 3, 2026 2:42am
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The petro chemical company canceling contract because of the closure. The only clause that could help them get out their contract actually happened.
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Trader#F75D
Mar 3, 2026 2:39am
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Factor Effect on GoldReason
Hormuz Disruption BullishIncreased geopolitical instability and safe-haven buying.
Oil Price Spike BullishHigher energy costs lead to inflation; gold is an inflation hedge.
Industrial Force Majeure BullishConfirms severe supply chain breakdown, lowering risk appetite for stocks.
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JeffEsptein2
Mar 3, 2026 6:11am
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Quoting Polimini
{quote} i guess that will be close to 0 now and they will buy it all from Russia. It's not ideal to fully dependent on another country but it's a better situation than most other countries that depend on the middle east oil
No brother it does not work like that
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Trader#9788
Mar 3, 2026 5:24am
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Quoting Trader#2887
Us indexes clearly ignored this war and moved on!! Vanenzuela source is available, who cares about the strait of HORMONES
Venezuela isn't much a source, to make it work many years and billions need to be invested somewhere that just took their infrastructure a while ago you know.
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Trader#2887
Mar 3, 2026 6:04am
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China does not care!!! Everyone has placed rhemselves comfortably before this episode… it was written on the wall
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Mdmiraz
Mar 3, 2026 6:08am
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Amr Mothi is good and Dorkar is good.
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JeffEsptein2
Mar 3, 2026 6:10am
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China does not care guys!! They have already placed themeselves safe
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Trader#4DD0
Mar 3, 2026 10:33am
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So how many times can we see a run to the US dollar which is being printed to support war? And then shift to China who will now move way more aggressively to electrification.

2 things just happened here. The beginning of the end of 2 things. US dollar fiat and Oil.
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Trader#5230
Mar 3, 2026 2:29am
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Tick Chart Indicator MT4
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Trader#A0A6
Mar 3, 2026 3:35am
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Who is Chandra and why they did not mention Pryianka, who did not declare force majeure?
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Trader#C92B
Mar 3, 2026 11:53am
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Oil will plummet. Consider the USA... fucked.
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Trader#4DD0
Mar 3, 2026 1:47pm
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Quoting Trader#C92B
Oil will plummet. Consider the USA... fucked.
upon review we see this comment as 110% correct.
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