Europe TTF at EUR44.7/MWh, Asia JKM near $18 as gas prices jump together

According to the EIA, the Hormuz blockade has cut off roughly one-fifth of global LNG supply, lifting TTF 35% and JKM 51% since late February. As of May 12, TTF stood at EUR44.7/MWh, while Northeast Asia JKM June delivery was around $18/MMBtu.