LNG Flows Through Hormuz Hit Post-War High in September

🛢️ HORMUZ — Record LNG flows and a closed strait don't usually coexist. 📌 LOOK CLOSER: Despite the blockade, LNG — unlike crude — has continued moving, likely under selective Iranian tolerance for non-US flagged vessels or Qatar-negotiated carve-outs. September peak flows suggest Tehran is preserving gas revenue and LNG buyer relationships while choking crude. That's a tactical split: maximum oil leverage, minimum LNG blowback. Watch whether October holds or Iran tightens the valve post-midterms.