Asian LNG Prices Soar Amid Hormuz Disruptions
The Asian spot liquefied natural gas market has reached a five-month high due to concerns about disruptions in the Strait of Hormuz. Prices have risen to $24.614 per million British thermal units, according to traders.
These concerns were renewed after the US and Iran exchanged attacks for the first time in about a month. This exchange sparked doubts about the stability of flows via the waterway.