Hormuz LNG Traffic Remains Stifled by Security Threats

At least three LNG carriers have successfully navigated the passage since late last week, marking a slight recovery after September saw 21 cargoes exit the region. While this represents the highest monthly volume since the conflict began, it pales in comparison to the pre-war standard of three shipments per day. Tracking these vessels has grown increasingly difficult, as most carriers now traverse the strait in "dark mode" to avoid detection by hostile actors.

Qatari and UAE shipments still move through the corridor, but these volumes are insufficient to stabilize the broader market. The ongoing bottleneck has forced buyers in Asia and Europe to scramble for alternative supplies, driving gas prices to their highest levels since the 2022-2023 energy crisis. With the UK Maritime Trade Operations reporting persistent projectile attacks, the instability in this vital chokepoint remains a primary driver of global energy volatility.