The story so far · 2 days, October 18 to 24, 2026
One Turn followed this story across 2 editions, from Persian Gulf on October 18, 2026. Newest first.
Qatar ships most of its gas through the Strait of Hormuz, now a war zone. The US has become one of the largest gas exporters.
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Qatar has agreed a deal to buy US liquefied natural gas, CNBC reported. Qatar is itself a top gas exporter. The deal shows how the Iran war has disrupted Gulf shipping and redrawn global energy flows. US gas exporters are among the main winners.
Why it matters: Shifting gas routes affect heating and power costs for importers in Europe and Asia.
Sources: CNBC · See it on the globe
Analysis suggests the Iran war may keep oil supply tight into 2027, while disrupted exports and refinery constraints push the marine bunker fuel market toward a supply crisis. Pakistan's finance minister said continued attacks on Gulf energy infrastructure would delay a return to economic normality.
Why it matters: High fuel and shipping costs feed inflation that is fuelling protests from France to South America.
Sources: OilPrice, OilPrice, The Hindu · See it on the globe