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Event Brief

Strait of Hormuz closure disrupts global oil and LNG

A six-week Strait of Hormuz closure sent Asian spot LNG prices to $48 per mmBtu and triggered Japan fuel rationing.
WHO: Strait of Hormuz closure
WHAT: Six-week disruption of the oil chokepoint, driving Asian LNG price spikes and Japan fuel rationing
WHEN: Jul 15, 2026 at 11:53 AM ET
WHERE: Japan
WHY: The Strait of Hormuz closure caused the disruption to the world’s most critical oil chokepoint.

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