Gas prices plunge on Iran ceasefire deal

Concerns easing over disruptions to Strait of Hormuz, where 20% of global LNG volumes transit

Some 20% of global LNG traded volumes pass through the Strait of Hormuz.
Some 20% of global LNG traded volumes pass through the Strait of Hormuz.Illustration: REUTERS/SCANPIX
Published 24 June 2025, 10:39Updated 24 June 2025, 10:39
Israel-Iran ConflictIranIsraelUnited StatesEurope