June 10, 2026 Signal Report

GEOPOLITICAL & SUPPLY DISRUPTION SIGNALS

Strait of Hormuz LNG transit near zero — Nine total LNG shipments exported from the Persian Gulf since February 28, versus a pre-conflict rate of three per day; no commercial crossings recorded on the morning of June 10 as U.S.-Iran tensions intensified. Read These: @SStapczynski via X, Bloomberg

Inpex Fair Work Commission hearing Friday — Inpex filed an urgent Fair Work Act application to stop Ichthys stoppages escalating to eight hours and loading/unloading bans from Thursday; Ichthys produces approximately 2% of global LNG supply. Read This: ABC Australia

EU 21st sanctions package targets Novatek fleet — Proposed ban on LNG tanker sales to Russian interests and sanctions on shadow fleet support vessels would constrain Novatek's ongoing negotiations to acquire up to 10 ice-class carriers from Hanwha Ocean and Mitsui O.S.K. Lines before the January 2027 EU phaseout. Read These: OilPrice.com, High North News