{
  "id": 2592950,
  "title": "Asian spot LNG prices hit five-month high on Hormuz impasse",
  "url": "https://urgent.news/2026/08/21/asian-spot-lng-prices-hit-five-month-high-on-hormuz-impasse",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/731600/business/asian-spot-lng-prices-hit-five-month-high-on-hormuz-impasse"
  },
  "original_language": "en",
  "account": "Asian spot liquefied natural gas (LNG) prices reached a five-month high this week due to concerns over the ongoing impasse in US-Iran talks aimed at reopening the Strait of Hormuz. The region's average LNG price for October deliveries to northeast Asia climbed from $21.30 per million British thermal units (mmBtu) the previous week to $22.50 per mmBtu. This price surge comes as fears persist over reduced supply from major oil producers, including Saudi Arabia, Iraq, the UAE, and Kuwait, following US President Donald Trump's threats of economic sanctions on Iran's trading partners. These sanctions, aimed at toppling the Iranian leadership, are expected to tighten supply in the coming weeks, further bolstering LNG demand.",
  "summary": "OilInternational and US crude oil futures rose on Friday after US President Donald Trump threatened economic sanctions on Iran's trading partners, raising expectations of tighter supply in the co...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}