Asian LNG prices hit $26/mmBtu, highest since 2022, as US-Iran strikes escalate

Asian spot LNG prices surged to $25.908/mmBtu, a 5% weekly gain, following renewed US strikes on Iranian positions along the Strait of Hormuz. President Trump confirmed a heavy attack and threatened further action, raising supply disruption risks for Gulf LNG transit. The price spike reflects market pricing of potential Hormuz closure, though actual supply impact remains unconfirmed.