LNG carrier transits plunge as Iran repeats claim of control over Hormuz
- Hormuz LNG transits fell to two this week, down from 13 a week earlier
- Iran’s renewed route warnings disrupted hopes of a swift recovery in MEG energy flows
- LNG spot and term rates softened as thin chartering demands outweighed limited vessel availability
Only two LNG carriers crossed the Strait of Hormuz this week, down from 13 a week earlier, as Iran repeated warnings against unapproved routes and spot rates softened
