Strait of Hormuz Opening in Limbo

APRIL 2026

News of a ceasefire in the Iran conflict and the potential opening of the Strait of Hormuz broke earlier this month and helped to lower commodity prices. However, the Strait remains closed at the time of writing. Some of the following sections contain forecast scenarios where the Strait of Hormuz opens next month and a six-month scenario where negotiations fail, prolonging the closure of the Strait.

Daily Average LNG Imports by Region

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