A liquefied natural gas (LNG) tanker managed ‌by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, ship-tracking data quoted by Reuters showed.

The 136,357 cu m tanker, which is managed ⁠by Adnoc Logistics & Services and was last seen in the Gulf on March 30, ​has shown up off the west coast of India, suggesting it has crossed the Strait ​of Hormuz after several weeks without signal, according to data from ICIS LNG Edge, Marine Traffic and LSEG, it said.

Global LNG markets are tightening sharply, with prices at multi-year highs, disrupted trade flows, and Asia outbidding Europe.

Tightness will persist beyond the short term, as Qatari outages and delayed new supply could leave a structural deficit through 2026–2027 despite rising US output, say analysts.

Meanwhile, oil prices rose 1% on Tuesday, extending gains from the previous session, ‌as Strait of Hormuz waterway still remains mainly shut.

Brent crude futures for June climbed $1.41, or 1.3%, to $109.64 a barrel as of 0400 GMT, after gaining 2.8% in the previous session to its highest close since April 7. The contract is up for a seventh day.

U.S. ​West Texas Intermediate (WTI) crude for June rose $1.27, or 1.3%, to $97.64 a barrel, after gaining 2.1% in the previous session.