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LNG Tanker Rental Costs Skyrocket to $200,000 Daily Amid US-Israel-Iran Tensions
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US-Israel-Iran Tensions: LNG Tanker Rates Skyrocket to $200K/Day
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CNBC Awaaz
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05-03-2026, 07:40
US-Israel-Iran Tensions: LNG Tanker Rates Skyrocket to $200K/Day
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Escalating US-Israel-Iran tensions are severely impacting the energy shipping segment.
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LNG tanker rental rates in the Atlantic Basin have surged to over $200,000 per day, nearly double the previous day's cost.
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Qatar halted LNG production due to the regional conflict, leading to increased demand for tankers.
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These new rates are at least three times higher than Spark Commodities' previous average of $61,500 per day.
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Expert Richard Pratt warns of further increases if gas/oil production cuts continue and long shipping routes are required.
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