Strait of Hormuz Blockade Escalates
Monday, April 20, 2026. Strait of Hormuz traffic down dramatically — only fraction of usual 130 vessels per day. War risk insurance at 3%. Iran firing warning shots, U.S. seized Iranian cargo ship. Trump blockade announced. WTI volatile on supply uncertainty. Henry Hub at $3.095 (April), 12-month strip $3.766. LNG exports 17.9 Bcf/d (record). 2026 forecast 17.0 Bcf/d, 2027 forecast 18.6 Bcf/d. New capacity 0.9 Bcf/d coming Q2. Summer demand, data center load growth driving tighter balance. Trade the data, not the fear.
