US natural gas exports maxed out as Strait of Hormuz closure impacts supply
US natural gas exports are maxed out due to the Strait of Hormuz closure. Odds of 80 ships transiting the Strait by April 30 at 1.2% YES.
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The U.S. is exporting natural gas at full capacity, unable to meet the demand spike caused by the Strait of Hormuz closure. The WTI Crude Oil market for hitting $160 in April sits at 0.2% YES. Market reaction The inability of the U.S. to increase exports means the global supply gap won’t close soon. The WTI Crude Oil market is unchanged at 0.2% YES over the last 24 hours. With only 2 days left in April, there’s minimal trading activity. On the shipping side, the odds of 80 ships transiting the Strait of Hormuz by April 30 are at 1.2% YES, down from 24% a week ago. Actual USDC traded is just $390/day. A 24-point spike earlier in the week reversed quickly, and traders aren’t pricing in a quick resolution. Why it matters U.S.
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