Economy
2 LNG tankers cross Hormuz on way to Japan, China, but shortage persists
Prolonged blockade squeezes global supply, sends Asian spot prices 60% higher An LNG tanker docks at Futtsu, Japan, in February. A tanker that recently passed through the Strait of Hormuz is due to land at the port city. (Photo by Rie Ishii) TOKYO --Two liquefied natural gas tankers have passed through the Strait of Hormuz in recent weeks and are heading to Japan and China, signaling a possible easing of the blockade, but the small volume also underscores the U.S.-Iran conflict's dire toll on the global supply.
