Dailynewsegypt·3 min read·medium

LNG tanker carrying Qatari cargo struck in Strait of Hormuz as Mideast conflict drives oil rally

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Daily News Egypt
LNG tanker carrying Qatari cargo struck in Strait of Hormuz as Mideast conflict drives oil rally
AI Summary

An LNG tanker, the Gaslog Shanghai, was struck by a projectile in the Strait of Hormuz, causing a power outage and fire. The incident has disrupted shipping in the critical waterway and contributed to a rise in global oil prices.

A liquefied natural gas (LNG) tanker carrying a Qatari cargo was struck by a projectile while traversing the Strait of Hormuz, threatening super-chilled fuel supplies and driving oil prices to their biggest gains since March amid escalating regional conflicts.

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