LNG tankers moving toward Strait of Hormuz as Iran declares waterway open. Multiple liquefied natural gas vessels are positioning near the Persian Gulf following Iran's announcement that the strait remains accessible during a ceasefire period. The effective closure of this critical shipping lane has disrupted approximately one-fifth of global LNG supplies, driving prices higher and creating shortages across emerging Asian markets. However, significant uncertainty remains as vessels have previously aborted transit attempts. The US maintains its naval blockade while Iran has imposed conditions on which ships can pass through. Insurance companies will play a crucial role in determining whether these tankers actually complete their journeys.
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