Hormuz LNG Flows Still Down More Than 75% Despite Rebound
LNG traffic at the Strait of Hormuz appears to be ticking up despite increased threats to shipments in the chokepoint in recent days. At least three LNG carriers have transited the Strait of Hormuz outbound since the end of last week, tanker-traffic data compiled by Bloomberg and Kpler showed on Mon
Source: OilPrice.com
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DW NOTE
Hormuz has been effectively shut for nine days. Global oil supply is down 6% — the largest disruption in history. LNG flows through the strait are still down over 75% even after a partial rebound. Brent is at $102, down 13.6% from its 2026 high. Either the market believes this ends tomorrow, or it has stopped pricing reality.