The Strait of Hormuz has reopened for LNG shipments after a 70-day closure due to military actions against Iran, with Pakistan emerging as a key beneficiary of this development. On May 11, 2026, the first Qatari LNG tanker successfully transited the strait, marking a significant diplomatic achievement for Pakistan. A second Qatari LNG tanker followed shortly after, further highlighting Pakistan’s growing influence in securing energy resources. Japan also received its first LNG shipment via the strait since the conflict began, signaling tentative progress in easing regional tensions. However, QatarEnergy’s extension of its force majeure on LNG deliveries until mid-June underscores ongoing supply chain uncertainties.Bloomberg+2
The Al Kharaitiyat became the first Qatari LNG carrier to navigate the strait since February 2026, using a newly designated Iranian route. This was followed by a second Qatari tanker, both en route to Pakistan. The successful passages signal potential easing of tensions, though Qatar’s force majeure extension indicates continued volatility. Before the conflict, 20% of global LNG transited this waterway.Bloomberg+1
While Qatar achieved these symbolic shipments, its state-owned company QatarEnergy informed buyers of delayed deliveries through mid-June due to strait closures. This paradox highlights the fragile nature of current energy logistics. Analysts note the shipments carry significant geopolitical weight, demonstrating Qatar’s ability to navigate regional tensions despite supply disruptions.Bloomberg+1
Asian LNG spot prices remain 60% higher than pre-crisis levels due to prolonged supply constraints. The Qatari shipments provide limited relief, with wealthier nations relying on reserves while developing economies face diesel shortages. Energy experts caution that sustained shipments are needed to stabilize markets.Bloomberg+1
Pakistan leveraged its diplomatic influence to secure LNG from the Persian Gulf, addressing its energy needs amid global geopolitical tensions. The transit occurred without reported payments to Tehran, following Japan’s earlier diplomatic appeals for safe passage. However, Iran’s long-term stance on strait access remains unclear, with the U.S.-Iran conflict continuing to cast uncertainty over future shipments.Bloomberg+1