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Use the Force Majeure

Hormuz closure spikes naphtha cracks, but Asian petrochemical shutdowns curb demand. Expect volatile NWE strength, softer Asia prices
Published: March 9, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
17 page report
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The naphtha market has remained supported over the past week, as the US-Israel war on Iran continued to escalate.

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