LNG Ships Move Toward Hormuz as Iran Gives Mixed Signals

Several liquefied natural gas tankers appear to be nearing the Strait of Hormuz, as the market closely watches if flows of the super-chilled fuel through the waterway will resume despite Iran’s mixed messages.

Five tankers loaded with Qatari LNG within the Persian Gulf have moved toward Hormuz in the last 12 hours, according to ship-tracking data compiled by Bloomberg. No loaded LNG shipment has exited the Gulf since the US and Israel began strikes on Iran in late February.