WS #13212
Greek LNG carrier Gaslog Shanghai struck in Strait of Hormuz, intensifying supply disruption fears for ~20% of global LNG trade; oil prices near $85, energy sector up 12% in July. US Treasury/Japan yen intervention (first since 2011) and Iraq-Turkey pipeline deal to boost exports during Hormuz closures partially offset supply fears.
Iran conflict escalation and energy supply disruption
Greek LNG carrier Gaslog Shanghai struck in Strait of Hormuz, intensifying supply disruption fears for ~20% of global LNG trade; oil prices near $85, energy sector up 12% in July.
US Treasury/Japan yen intervention (first since 2011) and Iraq-Turkey pipeline deal to boost exports during Hormuz closures partially offset supply fears.