Hormuz Crisis Tests US Swing Supply Limits

Wednesday, 18 March 2026

The Hormuz closure has accelerated US LNG cargo diversions to Asia, with at least one shipment heading for China despite tariffs that had blocked such trade for over a year. In the same week, Venture Global sanctioned CP2 Phase 2, the first US project FID of 2026, reinforcing the investment case for American export capacity.


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