Hormuz Disruption Severely Cuts Gulf LNG Exports

ChemAnalyst / Morningstar · Aug 06, 2026 00:00

The ongoing conflict in the Middle East and doubts over the full reopening of the Strait of Hormuz continue to severely disrupt energy trade. LNG exports from Gulf nations plummeted by 95% year-on-year in April 2026, largely due to Iranian missile strikes on Qatar's Ras Laffan LNG complex. This has led to significant supply uncertainty for global markets.