Escalating US‑Iran hostilities have raised concern about prolonged disruption to shipments through the Strait of Hormuz, pushing Asian spot LNG to $25.908/MMBtu on Wednesday evening — the highest since December 2022. The price is more than double levels before the recent escalation; LNG has risen over 5% this week after a period of relative calm, with higher energy costs pressuring demand and fiscal budgets in parts of Asia.

2026-09-03

Escalating US‑Iran hostilities have raised concern about prolonged disruption to shipments through the Strait of Hormuz, pushing Asian spot LNG to $25.908/MMBtu on Wednesday evening — the highest since December 2022. The price is more than double levels before the recent escalation; LNG has risen over 5% this week after a period of relative calm, with higher energy costs pressuring demand and fiscal budgets in parts of Asia.