--- title: Iran Just Started an Energy Crisis. description: "Iran’s strikes across the Gulf have forced Qatar to shut down the world’s largest LNG hub—20% of global supply. The result: soaring gas prices and the risk of a massive global energy crisis. References https://www.wsj.com/business/energy-oil/european-gas-prices-soar-after-qatar-lng-halt-jolts-market-f37e8e16?gaaat=eafs&gaan=AWEtsqf6KJTMyjJbaV4DMNMXk6-blznM8iBudcHjgn3XaNKoX2JBScW3qgMnKAZjVfs%3D&gaats=69a8aa95&gaasig=XnOiawES7AVHBzPCFJD9uPq97XUVbpJQkmEeoCpADHI1wvqFZsfgRAMbH3LNygnPos-6ZjagMz72GOPD93Pww%3D%3D https://moderndiplomacy.eu/2026/03/04/qatar-lng-outage-liquefaction-halted-weeks-long-disruption-expected/ https://www.reuters.com/business/energy/qatarenergy-declares-force-majeure-lng-shipments-2026-03-04/ https://www.cnbc.com/2026/03/03/us-natural-gas-lng-qatar-iran-war.html https://www.aljazeera.com/economy/2026/3/2/why-qatarenergys-lng-production-halt-could-shake-up-global-gas-markets https://www.bloomberg.com/news/articles/2026-03-02/european-gas-rallies-more-than-30-as-qatar-halts-lng-production https://gcaptain.com/qatar-lng-force-majeure-iran-war-gas-exports/ https://www.ft.com/content/78fb84bb-0884-412b-b317-1ac3dbcb060a https://www.reuters.com/business/energy/there-is-little-us-lng-producers-can-do-immediately-replace-lost-qatari-cargoes-2026-03-04/ https://finance.yahoo.com/news/gas-prices-surge-qatar-shuts-131720289.html https://www.france24.com/en/live-news/20260302-qatar-downs-iran-warplanes-halts-lng-production-as-gulf-crisis-deepens https://www.lloydslist.com/LL1156484/LNG-supply-disruption-will-be-immediate-and-immense https://worldoil.com/news/2026/3/3/norway-warns-gas-production-maxed-out-amid-qatar-lng-shutdown/ https://www.cnbc.com/2026/03/03/middle-east-war-gas-energy-lng-drone-qatar-strait-hormuz-price-shock.html https://www.abc.net.au/news/2026-03-05/russia-says-ukraine-hit-lng-tanker-off-libya-with-naval-drones/106418052 https://x.com/trbrtc/status/2028920611905384702 https://www.eia.gov/todayinenergy/detail.php?id=64844 https://www.middleeastmonitor.com/20260303-iran-blames-israel-for-saudi-aramco-drone-attack-calls-it-false-flag/ https://www.aljazeera.com/news/2026/3/4/which-oil-and-gas-facilities-in-the-gulf-have-been-attacked https://www.euronews.com/2026/03/04/russian-lng-tanker-catches-fire-and-sinks-off-the-coast-of-libya https://gcaptain.com/russian-lng-carrier-arctic-metagaz-reportedly-ablaze-off-malta-as-maritime-patrol-aircraft-circles/ https://www.tradewindsnews.com/gas/fire-hit-sanctioned-russian-lng-carrier-sinks-in-mysterious-circumstances/2-1-1954499 https://www.nytimes.com/2026/03/04/business/energy-environment/natural-gas-prices-lng-shell-exxon-war-iran.html https://finance.yahoo.com/news/qatar-lng-blackout-just-broke-010000388.html https://www.reuters.com/business/energy/indias-petronet-issues-force-majeure-local-buyers-qatar-due-middle-east-crisis-2026-03-04/ https://www.reuters.com/business/energy/qatars-role-global-gas-market-2026-03-02/" url: https://fronts.co/videos/homefronts-1rwe3lfghg.md canonical: https://fronts.co/videos/homefronts-1rwe3lfghg/ datePublished: 2026-03-05T18:45:00.000Z dateModified: 2026-03-05T18:45:00.000Z author: - name: Fronts Staff url: https://fronts.co/authors/fronts-team/ publisher: Fronts type: NewsArticle language: en access: members isAccessibleForFree: false tokens: 764 --- Iran’s strikes across the Gulf have forced Qatar to shut down the world’s largest LNG hub—20% of global supply. The result: soaring gas prices and the risk of a massive global energy crisis. References https://www.wsj.com/business/energy-oil/european-gas-prices-soar-after-qatar-lng-halt-jolts-market-f37e8e16?gaaat=eafs&gaan=AWEtsqf6KJTMyjJbaV4DMNMXk6-blznM8iBudcHjgn3XaNKoX2JBScW3qgMnKAZjVfs%3D&gaats=69a8aa95&gaasig=XnOiawES7AVHBzPCFJD9uPq97XUVbpJQkmEeoCpADHI1wvqFZsfgRAMbH3LNygnPos-6ZjagMz72GOPD93Pww%3D%3D https://moderndiplomacy.eu/2026/03/04/qatar-lng-outage-liquefaction-halted-weeks-long-disruption-expected/ https://www.reuters.com/business/energy/qatarenergy-declares-force-majeure-lng-shipments-2026-03-04/ https://www.cnbc.com/2026/03/03/us-natural-gas-lng-qatar-iran-war.html https://www.aljazeera.com/economy/2026/3/2/why-qatarenergys-lng-production-halt-could-shake-up-global-gas-markets https://www.bloomberg.com/news/articles/2026-03-02/european-gas-rallies-more-than-30-as-qatar-halts-lng-production https://gcaptain.com/qatar-lng-force-majeure-iran-war-gas-exports/ https://www.ft.com/content/78fb84bb-0884-412b-b317-1ac3dbcb060a https://www.reuters.com/business/energy/there-is-little-us-lng-producers-can-do-immediately-replace-lost-qatari-cargoes-2026-03-04/ https://finance.yahoo.com/news/gas-prices-surge-qatar-shuts-131720289.html https://www.france24.com/en/live-news/20260302-qatar-downs-iran-warplanes-halts-lng-production-as-gulf-crisis-deepens https://www.lloydslist.com/LL1156484/LNG-supply-disruption-will-be-immediate-and-immense https://worldoil.com/news/2026/3/3/norway-warns-gas-production-maxed-out-amid-qatar-lng-shutdown/ https://www.cnbc.com/2026/03/03/middle-east-war-gas-energy-lng-drone-qatar-strait-hormuz-price-shock.html https://www.abc.net.au/news/2026-03-05/russia-says-ukraine-hit-lng-tanker-off-libya-with-naval-drones/106418052 https://x.com/trbrtc/status/2028920611905384702 https://www.eia.gov/todayinenergy/detail.php?id=64844 https://www.middleeastmonitor.com/20260303-iran-blames-israel-for-saudi-aramco-drone-attack-calls-it-false-flag/ https://www.aljazeera.com/news/2026/3/4/which-oil-and-gas-facilities-in-the-gulf-have-been-attacked https://www.euronews.com/2026/03/04/russian-lng-tanker-catches-fire-and-sinks-off-the-coast-of-libya https://gcaptain.com/russian-lng-carrier-arctic-metagaz-reportedly-ablaze-off-malta-as-maritime-patrol-aircraft-circles/ https://www.tradewindsnews.com/gas/fire-hit-sanctioned-russian-lng-carrier-sinks-in-mysterious-circumstances/2-1-1954499 https://www.nytimes.com/2026/03/04/business/energy-environment/natural-gas-prices-lng-shell-exxon-war-iran.html https://finance.yahoo.com/news/qatar-lng-blackout-just-broke-010000388.html https://www.reuters.com/business/energy/indias-petronet-issues-force-majeure-local-buyers-qatar-due-middle-east-crisis-2026-03-04/ https://www.reuters.com/business/energy/qatars-role-global-gas-market-2026-03-02/ --- Full analysis is behind the paywall. Read the gated piece at https://fronts.co/videos/homefronts-1rwe3lfghg/.