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"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf
"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf
There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the blockaded straits of hormuz, or to leave it.
By contrast, the global LNG fleet is a tiny fraction, and now most of it is stuck inside the Persian Gulf.
According to the WSJ, at least 20 LNG carriers a bout half...
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UK, France Lead 30-Nation Military Push To Reopen Strait Of Hormuz
UK, France Lead 30-Nation Military Push To Reopen Strait Of Hormuz
Submitted by Michael Kern of OilPrice.com,
The UK is hosting (yesterday and today) a two-day multinational conference convening military planners from more than 30 countries as Britain and France renew efforts to re-open the Strait of Hormuz.
The two-day conference takes place just after U.S. President Donald Trump late on Tuesday extended the U.S.-Iran ceasefire until negotiations with Iran conclude “one way or the other.”
President Trump has also ordered that the U.S. blockade at the Strait of Hormuz remains in place.
Hopes...
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