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A World Bank blog summarizes its April Commodity Markets Outlook, which reported the natural gas index up 24% in March after the Strait of Hormuz closure and damage to Qatar's LNG infrastructure. Asian and European benchmarks eased in April and held steady in May.
The analysis confirms that Hormuz disruption drove a lasting LNG price shock, which lifts European and Asian energy and fertilizer costs. It is a background report with no new price driver.
blogs.worldbank.orgPaolo Agnolucci, Nikita MakarenkoJun 4, 2026After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
