Natural gas traders are assessing the impact of Iranian strikes that caused “extensive damage” to Ras Laffan Industrial City in Qatar, the world’s largest LNG hub producing about a fifth of global supply. Shipments were already halted, but further damage could prolong disruptions. European gas prices have risen over 70% and Asian LNG futures 88% since the conflict began, while US futures gained up to 6.3%.

2026-03-19

Natural gas traders are assessing the impact of Iranian strikes that caused “extensive damage” to Ras Laffan Industrial City in Qatar, the world’s largest LNG hub producing about a fifth of global supply. Shipments were already halted, but further damage could prolong disruptions. European gas prices have risen over 70% and Asian LNG futures 88% since the conflict began, while US futures gained up to 6.3%.