Two tankers carrying LNG from Qatar appear to be heading towards the Strait of Hormuz, Bloomberg reports citing tracking data

The movement of two LNG tankers from Qatar towards the Strait of Hormuz could raise concerns about potential supply disruptions in a critical chokepoint for global oil and gas.

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Two tankers carrying LNG from Qatar appear to be heading towards the Strait of Hormuz, Bloomberg reports citing tracking data

Mitsui O.S.K. Lines (9104 JT) says a third vessel passed through Hormuz, according to Yomiuri

Citigroup pushes back its Fed rate cut timeline in which it now sees Fed cutting rates in September, October, and December vs prev. forecast for cuts in June, July, and September

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Given the ongoing geopolitical tensions in the region, this could lead to increased volatility in energy markets, particularly if there are threats to navigation or shipping safety. Traders should monitor developments closely, as this situation may impact prices in energy commodities as well as associated currencies.

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