There's another energy market that may get hit harder than oil by Strait of Hormuz closure
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Source: CNBC
Published: 2026-03-10 04:54 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Energy, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Oil prices jumped Monday with traffic in the Strait of Hormuz at a near standstill, but the longer-term implications of the Strait's closure may be more extreme for the liquefied natural gas market. That's in part because it's more difficult to move than crude oil and LNG production is more concentrated.
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