Crisis in Strait of Hormuz Disrupts LNG Shipping, Sends European Energy Prices Soaring

Data from energy analytics firm Kpler reveals a sharp disruption in LNG (liquefied natural gas) transport due to escalating security tensions in the Strait of Hormuz—one of the world’s most vital maritime energy corridors.

Seven LNG carriers showed "unusual navigation patterns," signaling emergency route changes. One vessel en route to Qatar’s Ras Laffan port diverted sharply south, while seven oil tankers anchored off Oman’s coast, awaiting clarity before proceeding.

The Strait of Hormuz is a strategic chokepoint for global trade, handling around 20% of the world’s oil supply and one-fifth of global LNG exports. The latest tensions—triggered by Israeli strikes on Iran—have revived fears that Tehran may attempt to block the strait, as it has threatened in past crises.

While no blockade has materialized, markets are reacting nervously. European gas prices spiked amid supply fears. At the Dutch TTF hub, July contracts surged to €39.7 per megawatt-hour—the highest level since early April—marking a 3% jump from the previous session and over 8% since the recent escalation.

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