What once looked like diversification for both now feels like necessity. The relationship is no longer just about barrels moving from one port to another; it is increasingly about managing shared risks, building joint infrastructure, and aligning long-term strategies The Iran-Israel war of 2026 has not only disrupted global energy …
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QatarEnergy’s force majeure declaration crystallises a broader shift in global energy markets toward fragmentation and securitisation. The disruption has intensified market tightness, driven price volatility, and exposed the vulnerability of critical infrastructure to geopolitical conflict QatarEnergy’s March 24 declaration of force majeure on parts of its long-term LNG contracts marks …
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By Brian Spegele If President Trump follows through on his threat to attack Iranian power assets, the strikes would almost certainly target plants in the country that generate electricity from natural gas. Around 80% of power generation in Iran came from natural gas as of 2023, according to the International …
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The Strait of Hormuz Carries Roughly 20 Percent of Global Liquefied Natural Gas Trade and a Similar Share of Seaborne Oil The escalating conflict between the United States, Israel, and Iran has triggered one of the most significant disruptions to global energy markets in recent years. After U.S. and Israeli …
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Even Limited Damage Can Force Shutdowns, Suspend Exports, and Trigger Panic Across Energy Markets The Gulf Cooperation Council states—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—long have sustained global energy stability. As the conflict with Iran expands, it directly threatens Persian Gulf oil and gas infrastructure and …
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In late February 2026, the United States and Israel launched a major military campaign against Iran in response to what both governments described as pending security threats, including concerns related to Tehran’s nuclear program and missile capabilities. The operation involved a series of coordinated airstrikes targeting Iranian military and strategic …
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Doha Converted Gas Revenue Into Global Influence and Marketed Itself as the Supplier That Delivers Even During Turbulence Qatar reads Iran-U.S. tensions through the blunt logic of self-preservation. Doha worries less about “regional instability” than about losing the conditions that let it build an liquefied natural gas empire with limited regional contestation. …
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Importers Benefit, but Transparency Suffers, and Price Gaps Widen with the Spread of Cheap Sanctioned Oil China’s independent refiners, known as “teapots,” increasingly are replacing Venezuelan crude with Iranian oil. This shift shows how sanctions pressure, commercial reality, and geopolitics now shape global oil flows more than formal rules. As U.S. enforcement …
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The Gap Between Potential and Performance Does Not Stem from Sanctions Alone Iran sits atop one of the world’s largest proven natural gas reserves, estimated at roughly 1,200 trillion cubic feet, second only to Russia. On paper, this should make Iran a major energy exporter and a consequential player in regional gas …
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Iran’s Sanctions-Evasion Infrastructure Has Become Systematic Rather than Improvised In early February 2025, President Donald Trump issued National Security Presidential Memorandum 2 (NSPM-2), formally reinstating his “maximum pressure” campaign against Iran. The directive sought to deny Tehran any path to nuclear weapons, constrain its ballistic missile program, and dismantle support for regional proxies by …
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