LNG transit volumes through the Strait of Hormuz show a slight recovery but continue to lag 75% behind pre-war benchmarks as regional security risks persist.
Natural gas prices are likely to remain supported as LNG flows through the Strait of Hormuz continue to operate at levels over 75% below pre-war benchmarks. While recent data shows a slight uptick in transit volume, the persistent supply disruption caused by ongoing security threats in the chokepoint maintains significant upward pressure on market pricing.
Despite a slight rebound in September, LNG flows through the Strait of Hormuz remain more than 75% below the levels recorded before the Iran war.
Yes, tanker-traffic data indicates that at least three LNG carriers have successfully transited the Strait outbound since the end of last week, suggesting a minor increase in activity.
Liquefied natural gas traffic through the Strait of Hormuz shows a modest rebound with three carriers transiting the chokepoint since late last week. Despite this uptick, total volumes remain significantly depressed, sitting more than 75% below pre-war levels amid ongoing regional security threats.
Shipments remain over 75% below pre-war levels due to ongoing regional security threats and geopolitical instability in the chokepoint, which continue to disrupt normal transit patterns.