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Natural gas and LNG prices rose sharply on March 3 after Qatar paused LNG production following Iranian drone strikes on its Ras Laffan and Mesaieed industrial sites. Dutch TTF futures jumped 35% in a single session to above 60 euros per MWh.
Qatar supplies about a fifth of global LNG, so the halt tightens supply to Europe and Asia and raises gas-based power and fertilizer costs.
cnbc.comHugh LeaskMar 3, 2026After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% 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.
