On July 7, Cheniere Energy rose 3.15% in regular trading, trading at $255.8/share, with turnover of approximately $83.11 million. The stock gained amid escalating concerns over global LNG supply security following an attack on a Qatar LNG carrier.

On the news front, a fully loaded Qatari LNG tanker was struck by a drone or missile near the Omani coast while exiting the Strait of Hormuz, causing an engine room fire. The incident tests the ceasefire agreement between the U.S. and Iran aimed at halting such attacks, reigniting global LNG shipping safety concerns. As the largest U.S. LNG exporter, Cheniere operates export facilities in Texas and Louisiana that are entirely independent of Hormuz Strait transit, reinforcing its market share advantage and pricing power amid persistent Middle East supply disruption risks.

The broader Oil and Gas Storage and Transportation sector traded higher, with ONEOK Inc up 2.61%, Kinder Morgan up 2.18%, Enbridge up 2.15%, Energy Transfer LP up 1.95%, and Williams up 1.93%.

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