A liquefied natural gas (LNG) tanker that loaded in Qatar is nearing the Strait of Hormuz, a hint that traffic may increase after an interim US-Iran peace deal went into effect, reported Bloomberg reported citing ship-tracking data.
The Mraikh, which picked up a shipment earlier this month, is heading toward the chokepoint after being stuck in the Persian Gulf since February, according to the data cited by Bloomberg. "The vessel, which is chartered by QatarEnergy, is signaling Pakistan’s Port Qasim as its next location."