LNG Shipping Rates Soar 650% to $300,000 Per Day | OilPrice.com
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The Iran-related conflict and a halt in Qatari production have caused global LNG shipping rates to surge to $300,000 per day and spot LNG prices to double as traders navigate disruptions in the Middle East and a stalled Strait of Hormuz.
    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
      9·
      3 days ago

      The funny part is that the US isn’t directly affected by this because they don’t really import much energy from the region. Their vassals in Europe, Korea, and Japan are the ones who are getting fucked right now. But, I do think there are going to be knock on effects for the US as a result. As G7 economies tank, that’s necessarily going to affect US markets as well.