Anonymous25 days ago
The US-Israel military strikes on Iran in late February 2026 triggered a cascading energy crisis that has transformed the global LNG market from an anticipated 6-million-tonne surplus into a rapidly emerging deficit. Iranian drone strikes on Qatar's Ras Laffan facility — the world's largest LNG complex — combined with the effective closure of the Strait of Hormuz, have removed roughly 20% of global LNG supply, sent prices soaring across Asia and Europe, and delayed Qatar's critical North Field expansion project to 2027.