Gas Market Resilience Amid Hormuz Straits Closure (lemonde.fr)

• Gas prices remain below 2022 volatility levels.
• Global LNG trade flexibility mitigates Strait of Hormuz closure.
• Strategic supply arrival in the Gulf of Mexico stabilizes markets.

"Despite the closure of the Strait of Hormuz due to the conflict in Iran, natural gas prices have defied expectations, remaining significantly lower than 2022 peak levels. Increased flexibility in global LNG trade and the arrival of critical supply shipments in the Gulf of Mexico on April 20 have prevented the anticipated supply crunch, demonstrating a robust transition in European and global energy sourcing strategies."