Global LNG Market in Crisis as Half of Available Tankers Trapped in Persian Gulf

A staggering 20 LNG carriers—nearly half of the world’s available fleet—are currently trapped in the Persian Gulf, intensifying a supply crisis as hostilities in the region disrupt key energy routes through the Strait of Hormuz. Daily freight rates for these vessels have skyrocketed to over $200,000, more than doubling from under $98,000 before the conflict […] The post Global LNG Market in Crisis as Half of Available Tankers Trapped in Persian Gulf appeared first on the deep dive.