The impact of closing the Strait of Hormuz on gas markets

The ceasefire agreed last week between Israel-Iran, although shaky at first, has eased fears of a blockade to the crucial Strait of Hormuz. The risk premium associated with the conflict has disappeared, with the TTF price falling by 23% across the last week. The potential closure of the Strait would have significant consequences on global gas markets – roughly 105bcm […]