According to tanker-tracking data cited by Reuters, liquefied natural gas shipments transiting the Strait of Hormuz have effectively stopped over the past three days as geopolitical tensions in the region intensify. The disruption has been accompanied by a significant contraction in oil tanker traffic through the vital chokepoint, which handles a substantial portion of global energy exports.
Analysts at ING assessed that the escalating hostilities pose a more pronounced threat to global gas markets compared to oil markets, drawing on historical patterns of recovery rates observed after the June ceasefire agreement between the United States and Iran. The disparity reflects the structural differences in how oil and gas supply chains respond to logistical disruptions in strategic waterways.
The halt in LNG transits through the Strait of Hormuz underscores the vulnerability of global energy infrastructure to regional conflicts and highlights the importance of alternative shipping routes and strategic reserves for maintaining price stability in international energy markets.