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Qatari LNG Ship Struck in Strait of Hormuz, Testing US Talks

Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain

An LNG carrier was hit by a projectile near the Omani coast while exiting the Strait of Hormuz, intensifying fears of renewed waterway disruption. The attack jeopardizes shipowner and producer confidence and puts pressure on a late-June peace deal meant to curb attacks in the region. The incident is likely to raise risk premia across energy shipping and LNG pricing.

Analysis

An LNG carrier was hit by a projectile near the Omani coast while exiting the Strait of Hormuz, intensifying fears of renewed waterway disruption. The attack jeopardizes shipowner and producer confidence and puts pressure on a late-June peace deal meant to curb attacks in the region. The incident is likely to raise risk premia across energy shipping and LNG pricing.

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