Commodities
LNG Exports Through Hormuz Remain Stalled Amid Oil Flows Rebound
LNG exports through the Strait of Hormuz remain stalled despite a rebound in oil flows. This has kept prices for the super-chilled fuel near war-time highs.
The Strait, which connects the Persian Gulf to the Arabian Sea, has been a crucial trade route for energy exports. However, gas tankers are not following crude carriers through the strait, keeping LNG prices elevated.
US President Donald Trump may be pleased with the rebound in oil flows through the strait, but the same cannot be said about LNG exporters.