First LNG Tanker Transits Strait of Hormuz Since US-Iran Conflict Began

A liquefied natural gas tanker has transited the Strait of Hormuz for the first time since the start of the conflict between the US, Israel, and Iran, according to Iranian sources reported by CCTV News on April 28.The development marks a potentially significant shift in the energy standoff that has gripped one of the world's most critical shipping lanes since the conflict began. The Strait of Hormuz handles a substantial share of global LNG and crude oil flows, and its effective closure to commercial shipping has been a primary driver of the sharp rise in energy prices -- with WTI crude surging through $103 and Brent topping $105 on the same day.