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8.3

Asian LNG prices hit $26/mmBtu, highest since 2022, as US-Iran strikes escalate

Asian spot LNG prices surged to $25.908/mmBtu, a 5% weekly gain, following renewed US strikes on Iranian positions along the Strait of Hormuz. President Trump confirmed a heavy attack and threatened further action, raising supply disruption risks for Gulf LNG transit. The price spike reflects market pricing of potential Hormuz closure, though actual supply impact remains unconfirmed.

OilPrice.comabout 4 hours agoUS, IRengCredibility 64%View source

Score Breakdown

Mosaic Score8.3
Confidence0.5
Significance0.8
Source credibility0.6

Intelligence Tags

#lng#prices#strait-of-hormuz#us-iran#supply-risk

Locations

Strait of Hormuz

Entities

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Source

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