Iran Crisis Threatens Worst Gas Market Disruption Since 2022

• Widening Middle East conflict could cause the most significant disruption to gas markets since Russia's 2022 invasion of Ukraine.
• 20% of global LNG exports pass through the Strait of Hormuz, a critical chokepoint now experiencing halted trade.
• Asian buyers, heavily reliant on Qatari LNG, are seeking alternative cargoes as shipments are paused.
• Experts warn of bullish market impact from naval activity in the Strait and potential disruptions to Qatari LNG production.
• Asia is particularly vulnerable, with China and India being major importers of Qatari LNG, and prices are expected to rise.