LNG tanker carrying Qatari cargo struck in Strait of Hormuz as Mideast conflict drives oil rally

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A Qatari liquefied natural gas tanker was struck by a projectile in the Strait of Hormuz, exacerbating regional conflicts and driving oil prices up significantly. The incident threatens the supply of LNG amid ongoing Middle East tensions.

A liquefied natural gas (LNG) tanker carrying a Qatari cargo was struck by a projectile while traversing the Strait of Hormuz, threatening super-chilled fuel supplies and driving oil prices to their biggest gains since March amid escalating regional conflicts. According to Bloomberg, security consultancies Vanguard Tech and Marisks identified the vessel as the LNG tanker […] The post LNG tanker carrying Qatari cargo struck in Strait of Hormuz as Mideast conflict drives oil rally first appeared on Dailynewsegypt.