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Between 19 and 21 LNG tankers passed out through the Strait of Hormuz in September, the highest monthly number since the US-Iran war began in February. Cargo movements were still only about one-fifth of pre-war levels, leaving Europe exposed to continued supply disruption.
The increase in cargo traffic offers some relief, but volumes remain far below normal, limiting LNG availability to importers and supporting prices. Continued disruption around Hormuz sustains supply risk for Europe and global gas markets.
geopoliticsalpha.comNov 9, 2026After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
