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The Economic Times

Economy / The Economic Times

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LNG tankers make U-turns from Hormuz as Iran keeps strait shut

Tankers carrying liquefied natural gas are now rerouting away from the Strait of Hormuz following Iran's warning that the key passage is effectively closed. This critical situation has led to a suspension of LNG shipments accounting for 20% of global supply, resulting in escalating prices and emerging shortages across Asian markets.

19 Apr 2026 6:27 am