Analysts believe that if the Strait of Hormuz does not open for maritime traffic by early August, gas and LNG prices could soar.

The closure of the Strait of Hormuz and the shutdown of Qatars LNG exports have pushed gas prices higher, but the disruption could ultimately lead to a prolonged global LNG glut,…

Unless peace talks between US and Iran fail and the Strait of Hormuz remains closed beyond July, LNG prices will see a sharp drop.

Analysts believe that if the Strait of Hormuz does not open for maritime traffic by early August, gas and LNG prices could soar.