The IEA said shipping disruption in the Strait of Hormuz halted Middle East LNG
flows, pushing Japan's average wholesale spot power price in Q2 to about $90 per
MWh, roughly 30% above the same period last year, Kyodo reported. The IEA warned
that heat-driven demand growth and a prolonged blockade could keep prices
elevated and projects Japan's average wholesale power price in H2 2026 at $105
per MWh, about 40% higher YoY.
