💥Energy Flux💥| Wednesday 9th June 2021
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🎧 Why markets anticipate a long Hormuz closure
Gas and LNG prices surge, as the storage-speculation nexus lights up along the forward curve
Iran, the Gulf, and the crisis of regional order
Hormuz closure and Qatar LNG shut-in trigger extreme volatility in gas, LNG and freight charter rates. The outlook is dire, especially for Europe, but not unremittingly so.