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Market Chatter: Qatari LNG Cargo Appears Secure After Tanker Strike Off Oman

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A projectile strike left a Qatari liquefied natural gas tanker disabled near Oman's coast, though its cargo remained intact and the immediate threat of an explosion appeared limited, Reuters reported Wednesday, citing industry sources.

The report said a fire continued in the engine room after the tanker was hit on its port side Tuesday, while the crew evacuated safely. Sources added that the vessel would likely remain stable unless another attack damaged it.

At least four oil and gas tankers abandoned attempts to pass through the Strait of Hormuz, while the head of the United Nations shipping agency urged the warring parties to allow stranded vessels to evacuate.

Ship-tracking data from LSEG and MarineTraffic showed a tugboat and a support vessel alongside the tanker near the entrance to the Strait of Hormuz as recovery efforts continued, according to the report. Qatar's Ministry of Foreign Affairs did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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