Qatari LNG Tanker U-Turns in Hormuz Amid US-Iran Tensions

A Qatari LNG tanker abruptly reversed course in the Strait of Hormuz, an incident occurring on day 72 of the U.S.-Iran conflict following a failed diplomatic proposal from Tehran.

11 May, 11:45 — 11 May, 11:45

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zerohedgeLow114d ago

Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough

Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough Day 72 of the U.S.-Iran conflict opened with yet another failed diplomatic off-ramp. Tehran on Sunday submitted a counterproposal to the Trump administration's plan to end the war, but President Trump swiftly rejected it as "totally unacceptable," pushing WTI crude futures roughly 3% higher to $98 a barrel as traders slightly repriced the war-risk premium higher for a prolonged Strait of H...

By Tyler Durden

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Qatari LNG Tanker U-Turns in Hormuz Amid US-Iran Tensions

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Qatari LNG Tanker Abruptly U-Turns In Hormuz Chokepoint After Weekend Transit Breakthrough

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