According to CoinMeta, the number of liquefied natural gas (LNG) carriers that sailed through the Strait of Hormuz in October set a new record since the US-Iran conflict began this year. According to S&P Global Energy data, 31 LNG tankers passed through the strait last month, with 23 loading at Ras Laffan in Qatar and 8 loading at Das Island in the United Arab Emirates (UAE). The data shows that October's exports were the highest since the war broke out in February, exceeding the 23 tankers in the same period in September. S&P Global Energy's senior chief analyst stated, "The UAE's transit volume has returned to pre-conflict levels, and Qatar's transit volume through the Strait of Hormuz has also reached over 30% of the pre-conflict levels."