Vietnam boosts LNG imports amid Iran conflict’s impact on global supply

Vietnam is importing more LNG at elevated prices due to the Iran war’s impact on global supplies. Crude oil all-time high by April 30 sits at 1.1% YES, down from 2% a day ago.

The ongoing conflict in Iran has closed the Strait of Hormuz, which handles a large share of global LNG and oil trade. This has driven up LNG imports in Vietnam and raised energy costs. The odds for oil hitting an all-time high have dropped slightly, but supply disruptions continue to keep the market on edge.

The WTI Crude Oil Price in April 2026 market has seen no significant movement in the past 24 hours, possibly because traders are reassessing the likelihood of further escalations. The severe supply disruptions still support the case for higher crude oil prices. Six days remain until resolution, and traders are watching geopolitical developments closely.

The market is trading approximately $100,828 a day in face value despite the low odds. Actual USDC traded is $2,513, with just $695 needed to move the price by 5 percentage points, which makes this a thin market. A single large order could shift these odds significantly.

A YES share priced at 1.1¢ pays $1 if crude oil reaches an all-time high by April 30, a potential 90.9x return. That payout depends on further escalations or announcements that worsen the supply crisis.

Watch for OPEC+ updates on production quotas and any US-Iran peace talks. EIA reports on supply disruptions could also move these odds.

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