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The Economic Times

Economy / The Economic Times

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LNG ships move toward Hormuz after Iran says Strait is open

Liquefied natural gas tankers are approaching the Strait of Hormuz, potentially resuming vital fuel flows after Iran declared the strait open. This follows a period of effective closure that impacted global LNG supplies and prices. The situation remains uncertain as conflicting statements from Iran and the US persist, with insurance responses also a key factor.

18 Apr 2026 7:08 am