Shipments of liquefied natural gas (LNG) through the Strait of Hormuz have risen since September, with three departures noted recently. Despite this uptick, flows remain over 75% below pre-conflict levels. Analysts are watching closely for signs of relief amid ongoing shipping risks highlighted by recent maritime incidents.
The Iran-backed Houthis have escalated tensions by attacking a fourth Saudi-linked tanker, the NCC GHAZAL, with ballistic missiles for allegedly breaching their maritime ban. The attack, which forced the vessel to retreat, underscores a growing risk to commercial shipping in the Red Sea amid the Houthis’ maritime blockade strategy.
The Houthis have remained at Ras Isa port, despite US military strikes two weeks prior. Numerous ships, including tankers, are anchored, facing denied departures even after UN inspections. Escalating violence risks for vessels in Houthi-controlled waters were highlighted by incidents involving armed personnel boarding ships. Casualties from strikes reached 74.
