5 LNG Megaprojects Poised to Power the Next Gas Boom
JPMorgan Chase analysts said the closure cut flows by 12.6 million barrels a day as emergency stock releases and higher output helped limit losses.
- The ongoing US-Iran clash remains central to energy markets, with Iran's ability to largely close the Strait of Hormuz lowering volumes by about 12.6 million barrels per day.
- This unprecedented curtailment caught markets off guard, with experts calling it "the biggest disruption in history," as about 20 million barrels per day of crude traverse the Strait of Hormuz.
- Refined products face intense pressure due to limited refining capacity despite sufficient crude supplies; gasoline prices are up about 50 percent, while Brent oil has averaged $94 a barrel.
- Contradictory statements from President Donald Trump and Treasury Secretary Scott Bessent have fueled volatility; Bob McNally, president of the Rapidian Energy Group, said "the oil market has sort of burned the bulls."
- Market participants remain focused on resolution, as McNally noted "the market believes and still believes that this crisis can and will end soon," helping prevent further crude price spikes.
17 Articles
17 Articles
5 LNG Megaprojects Poised to Power the Next Gas Boom
The war between the US and Iran has driven up natural gas prices, particularly in Europe and Asia. Asia accounts for nearly 90% of liquefied natural gas (LNG) shipments from key Middle East producers like Qatar and the UAE, while Europe imports 7-11% of its LNG from the region. During spring 2026 missile and drone attacks, Iranian strikes hit Ras Laffan LNG Trains 4 & 6, and Pearl GTL Train 2. Ras Laffan owner QatarEnergy estimates repairs to th…
The oil closes in New York up with uncertainties in the Middle East: the Wti, the American reference, rises by 1%, to 82.95 dollars, while the Brent, the international benchmark, marks a progress of 1.04%, at 88.63. (ANSA). (ANSA)
The price of oil experiences a historic nervousness. Discover how the blockade in the Strait of Ormuz and refiners affect the overall price of fuel.
Why the Middle East war still convulses the oil market
After more than five months of conflict, oil markets continue to surge and tumble over the latest developments in the US-Iran clash, including United States President Donald Trump’s shifting pronouncements. What is behind the market’s volatility? The ‘shock’ of Hormuz While the potential vulnerability of the Strait of Hormuz has long been viewed as a risk, oil markets have still been caught off guard by Iran’s ability to largely close the crucia…
Oil prices are rising on Tuesday, driven by a new wave of market concerns that is seeing the blockade of the Strait of Ormuz continue.
Ormuz remains at the center of the escalation between the US and Iran, with Tehran conditioning the reopening of the strategic path to the lifting of sanctions and the naval blockade, while Trump toughens demands.
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