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Iran's newly inaugurated leader used his first public address to reaffirm a hardline stance on maritime security, vowing to maintain the closure of the Strait of Hormuz. This move threatens to disrupt approximately 20% of the world's oil supply, sending shockwaves through global energy markets and heightening geopolitical risk premiums.
Qatar has reportedly loaded its first liquefied natural gas (LNG) cargo since a regional conflict forced a historic production halt and the declaration of force majeure. This resumption marks a critical turning point for global energy markets that have been grappling with supply uncertainty and heightened price volatility.
A drone attack attributed to Iran has forced QatarEnergy to halt production at Ras Laffan, the world's largest LNG export facility. The loss of 20% of global supply has sent European benchmark gas prices soaring by more than 50%, reigniting fears of a global energy crisis.