Strait of Hormuz Closure Anxiety Spikes Global Natural Gas Prices — LNG Recap
Global natural gas prices are cautiously creeping upward as traders try to anticipate whether ratcheting armed conflict in the Middle East endangers a key LNG route.

Days of rocket and drone attacks between Israel and Iran sparked commodity price volatility over the weekend after a confirmed strike on oil and natural gas production infrastructure.
Israel’s energy ministry confirmed Friday the Leviathan and Karish gas production platforms have been preemptively shut down, curtailing around 1.8 Bcf/d of exports to Jordan and Egypt. Israeli drones also targeted key infrastructure in Iran’s South Par gas field, which provides around 70% of the country’s gas supply.