Geopolitical tensions in the Middle East have ratcheted up significantly following the killing of Iranian Major General Qasem Soleimani in a targeted drone strike by the United States on 3 January. The US and its allies in the Middle East, such as the United Arab Emirates, have been cautious in transporting LNG via the Strait of Hormuz and the Bab-el-Mandeb strait since the incident.
Spot and exchange-traded gas prices in the US remain under pressure because of mild weather and the country’s rising gas production....
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