"Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source."
"The closure of the Strait of Hormuz has cut off a significant source of liquefied natural gas, but the United States, the biggest exporter of the fuel, is unlikely to pick up that slack because it has no spare capacity.
A two-month pause on L.N.G. shipments from Qatar, a Persian Gulf country near the strait, has caused prices to surge across Europe and Asia. That is spreading significant economic pain because places like Italy, Taiwan and South Korea depend on the fuel to produce electricity, heat homes and run industrial plants.
This is the second time in less than five years that global natural gas markets have been severely disrupted. In 2022, Russia began choking off the piped gas it used to send to European countries around the time of its invasion of Ukraine."
Ivan Penn reports for the New York Times April 28, 2026.
SEE ALSO:
"The Iran War Created A Global Natural Gas Shortage — A Windfall For U.S. Companies" (NPR)
https://www.npr.org/2026/04/14/nx-s1-5766431/us-iran-trump-lng-supply-st...
