Energy — Iran War Triggers Energy Crisis as Qatar Halts LNG, Oil Routes Disrupted, and Prices Surge

Energy · 2026-03-03

The energy markets are experiencing a perfect storm of supply disruptions stemming from the Iran war, with three critical developments converging: Qatar's complete halt of LNG production (removing 20% of global supply), severe disruption of oil flows through the Strait of Hormuz (driving tanker rates to historic highs), and the shutdown of Saudi Arabia's largest refinery. The market impact has…