Loading…
QatarEnergy suspended LNG production after Iranian drones struck the Ras Laffan and Mesaieed sites on March 2 and declared force majeure. At least 150 vessels, including LNG carriers, have anchored in the Strait of Hormuz and nearby waters.
Qatar supplies about 20 percent of world LNG, so the halt and shipping backlog force importers to scramble for other gas, driving prices higher.
aljazeera.comAndy HirschfeldMar 2, 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.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% 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.
