Energy Market Disruption: LNG Shipping Rates Surge Amid US-Israeli Conflict

LNG shipping spot rates on the U.S. Gulf–Europe route have surged from approximately $40,000 to around $300,000 per day due to the ongoing US-Israeli conflict with Iran, impacting global energy markets. According to NS3.AI, the Strait of Hormuz, responsible for about 20% of the world's oil transit, has been effectively closed since U.S.-Israeli strikes on Iran commenced on Saturday. Brent crude experienced a significant increase, settling at $81.40 per barrel following a 4.7% rise in a single session. Additionally, U.S. stocks have seen declines over the past week, while the DXY dollar index has reached 99.