Supply from the region has remained steady so far but there are concerns that passage for vessels through the Strait of Hormuz could be disrupted.
“While no new major developments emerged overnight, concerns persist around LNG shipping disruptions in the Gulf,” LSEG analyst Dzmitry Dauhalevich said in a daily research note. “QatarEnergy’s precautionary measures continue to fuel sensitivity to supply risks, especially with the broader Middle East situation still tense.”