11/08/2026 – Hormuz: Iran and the United States’ demands push the agreement back. Gas prices see increases of more than 10% and return to 3-week highs – Read more news

GAS & POWER: Oil and gas prices rose sharply yesterday —+10% gas and +6% oil— after Iran spelled out the conditions for reopening the Strait of Hormuz, including war reparations and an end to the US naval blockade, while the United States responded with its own compensation, including compensation for American victims of the conflict. The remote comparison between the parties confirms how far the positions remain from any point of convergence, once again distancing the possibilities for normalization in the region. New increases were reported this morning at the beginning of the day.

American liquefaction capacity is growing, preparing to take advantage of the current environment of decidedly high prices. American Cheniere announced that over the weekend, train number 7 at the Corpus Christi terminal produced the first liquefied gas, completing the first block of the so-called expansion phase “Stage 3”. Two new trains, numbers 8 and 9, will enter production between 2027 and 2028. At the same time, the Golden Pass terminal has achieved new feedgas records since the plant's launch – the first export took place last April – the last ship loaded (UMM WASHAH) was on August 4, with an acceleration of operations expected in the coming weeks.