Hormuz Traffic Remains Restricted Amid Peace Efforts

Traffic through the Strait of Hormuz remains heavily restricted despite ongoing peace efforts. On Tuesday, five tankers moved through the waterway, with three entering and two exiting.

The Emirati LNG carrier Mubaraz LNG left the strait carrying a cargo for India, marking its third trip since the U.S.-Israeli conflict with Iran began in late February.

QatarEnergy has reportedly purchased 33 LNG cargoes, signaling the company's intention to boost sales despite the ongoing force majeure at its Ras Laffan gas hub.