Hormuz Near-Shutdown: LNG Floating Storage Surges as Tanker Entries Collapse

🚢 HORMUZ — Tankers aren't entering. The gas is piling up offshore instead. 📌 LOOK CLOSER: Floating LNG storage rising means buyers can't receive cargo and sellers can't offload — a soft blockade producing hard consequences. European terminals dependent on Gulf LNG now face spot shortages as floating inventory locks up supply. Each day of accumulation raises demurrage costs and pressures long-term contract credibility globally.