LNG and Oil Tankers Exit Hormuz, but Flows Far From Normal — NRG-IA

LNG and crude oil tankers have begun exiting the Strait of Hormuz toward Asian markets, at a time when political negotiations between the United States and Iran have eased pressure on oil prices. Two LNG carriers, Fuwairit and Al Rayyan , are heading to Pakistan and China, while the supertanker Eagle Verona , loaded with nearly 2 million barrels of Iraqi Basrah crude, has left the Gulf after being blocked for nearly three months, according to Reuters. Physical transit becomes more important than political statements The departure of these vessels shifts the Hormuz narrative from diplomatic statements to physical flows. For the energy market, the difference is essential: a political agreement can reduce the risk premium, but real confirmation comes from ships crossing the strait, cargoes delivered, and the gradual restoration of trade routes. Fuwairit and Al Rayyan had loaded LNG at Qatar's Ras Laffan terminal in late March, and their destinations—Pakistan and China—confirm Asia's role…