Asia LNG Prices Set to Fall Sharply After Deal to Reopen Hormuz


After the ceasefire was announced, European gas futures tumbled as much as 20% to the lowest since the start of the war. The reopening of Hormuz — through which around a fifth of the world’s LNG typically transits — would help ease global supply concerns. The strait has been mostly shut since the war began, sending multiple nations scrambling for alternatives as prices surge.



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