2 LNG tankers cross Hormuz on way to Japan, China, but shortage persists
Iran was
Prolonged blockade squeezes global supply, sends Asian spot prices 60% higher
An LNG tanker docks at Futtsu, Japan, in February. A tanker that recently passed through the Strait of Hormuz is due to land at the port city. (Photo by Rie Ishii)
TOKYO –Two liquefied natural gas tankers have passed through the Strait of Hormuz in recent weeks and are heading to Japan and China, signaling a possible easing of the blockade, but the small volume also underscores the U.S.-Iran conflict’s dire toll on the global supply.
