Qatar is repositioning LNG tankers and preparing to restore gas production as expectations grow that the Strait of Hormuz will soon reopen following the U.S.-Iran agreement.

LNG tanker nears Hormuz as US-Iran deal raises hopes for reopening the crucial waterway, impacting global gas prices.

An LNG tanker has begun heading toward the Strait of Hormuz following a preliminary U.S.-Iran agreement that could reopen the vital energy shipping route and ease pressure on…