#Breaking
Iranian Tasnim News Agency:
📌The Revolutionary Guard targeted a Thai ship that was trying to cross the #Strait_of_Hormuz#IRGC#IRAN#Thailand
https://t.co/lOJu6p8OwY
📹Footage shows the hole created on a Thai bulk carrier after it was hit by a missile fired by Iranian naval forces in the Strait of Hormuz.
🚨Is he Middle East LNG era ending?
Qatar supplied Southeast Asia for decades.
Iran destroyed 17% of its capacity.
Now Thailand is in emergency talks with Venture Global for a 15 year US LNG deal.
Thailand is Southeast Asia's biggest LNG importer.
A large chunk of its supply ran through Qatar and Hormuz.
That supply is now offline for 3–5 years.
Thailand's emergency rewrite:
→ Venture Global (US) accelerated 15+ year SPA talks, happening now
→ Malaysia supply talks ongoing
→ Glenfarne Alaska LNG 2 mtpa over 20 years (signed 2025)
→ Engie + Gulf Development 15-year deal signed January 2026
Every single one of these deals is a direct replacement for supply that disappeared after February 28. 💰
🔍Why Venture Global specifically:
Already raised 2026 guidance.
Already signed with Vitol and TotalEnergies this month. Already has 4 tankers sailing to China.
A long-term PTT deal locks in another anchor offtaker into Plaquemines 15 years of fee income from Louisiana to Bangkok. 🛢️
The rewrite happening across all of Asia:
→ Thailand → US Gulf Coast
→ South Korea → BP portfolio supply
→ China → accepting US LNG despite 25% tariffs
→ Japan, Taiwan are accelerating non-Hormuz contracts
Diversifying away from Middle East LNG was a 10-year aspiration before the war.
It became a 12-month emergency on February 28🌍
BREAKING: Iranian state media announces initial details of the "Memorandum of Understanding" for the US-Iran peace deal.
INITIAL DETAILS OF THE DEAL, PER IRAN:
1. US Military forces will withdraw from the vicinity of Iran
2. The US Navy will lift its blockade of the Strait of Hormuz
3. Iran has committed to restoring the number of commercial transit ships through the Strait of Hormuz to pre-war levels within 1 month
4. Iranian state media says military vessels are not included in this draft agreement
5. The management and routing of ship traffic through the Strait of Hormuz will be handled by Iran in cooperation with Oman
6. If a final deal is reached within 60 days, this agreement will be approved in the form of a binding UN Security Council resolution
US oil prices extend losses to drop below $89/barrel.