Business•Finance•Mar 9
There's another energy market that may get hit harder than oil by Strait of Hormuz closure
A liquefied natural gas, or LNG, tanker on a digital screen at the Qatar Economic Forum in Doha, May 20, 2025. Oil prices jumped Monday with traffic in the Strait of Hormuz at a near standstill, but the longer-term implications of the Strait's closure may be more extreme for the liquefied natural gas market. Rapidan predicts that LNG exports from the region won't begin again until there's 100% certainty that it is safe for ships to transit the Strait.
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