Energy
Iran war sparks Asian supply concerns amid de facto closure of Strait of Hormuz
LNG carriers bound for Europe are changing course to ports in Asia, including this one in Japan’s Chiba prefecture. (Photo by Rie Ishii)
TOKYO — Tankers loaded with liquefied natural gas from the U.S. and elsewhere are being diverted midjourney from Europe to Asia, where spot prices have surged amid the escalating tensions in the Middle East.