Wood Mackenzie estimates the bulk of 11 million b/d in curtailed production could return within weeks if the Strait of Hormuz reopens, though damage to two Ras Laffan trains will prevent Qatar from reaching full LNG capacity for several years
WTI's sharp intraday loss resets the oil market to $94 a barrel, but three unresolved variables — the April 10 Islamabad negotiations, Israel's Lebanon operation, and the unaccepted terms of Iran's 10-point proposal — keep both the April 21 deadline and the price in play
A U.S. official confirmed fresh strikes on the island Tuesday. Rystad Energy warns a direct hit on petroleum infrastructure could cut Iranian shipments by 80–90%, pushing Brent toward $135 within four months. Wood Mackenzie and Enverus flag further upside risk.
Islamic Revolutionary Guard Corps ballistic missiles and drones struck Al Jubail Industrial City on Monday, igniting fires at SABIC facilities as Brent crude traded near $110/barrel — up nearly 80% year-to-date. JPMorgan warns of direct fuel shortages across South and Southeast Asia. Approximately 50 Qatari LNG tankers remain idle in Asian ports.
Israeli forces struck Iran's largest petrochemical plant at Asaluyeh this morning, compounding last week's attack on a second major facility in the South Pars complex. Israeli Defense Minister Israel Katz confirmed the operation. TTF faces fresh upward pressure on the same day ENARSA received technical bids in Argentina's private winter LNG tender
The alliance on Sunday endorsed in principle the same quota increment as April, but Saudi Arabia, the UAE, Kuwait, and Iraq cannot execute it while the Strait of Hormuz remains closed. Brent touched a four-year high of $119.50 this week; JPMorgan warns prices could top $150 if the strait stays blocked through mid-May
The real constraint isn't capital: the three OEM suppliers capable of rebuilding Ras Laffan's liquefaction trains entered 2026 with two-to-four-year backlogs — and Argentina needs the same equipment to build its own LNG export capacity
With a 30% stake in QatarEnergy LNG and direct exposure through the damaged Pearl GTL complex, Shell has declared force majeure on an estimated 6.8 MTPA of contracted volumes — and its CEO outlined a sequential supply shock already moving through Asia and tracking toward Europe
With partner Sultan Al Jaber joining virtually from Abu Dhabi — after Iranian strikes hit ADNOC infrastructure — the YPF CEO cast the Hormuz closure as a structural commercial advantage for Argentina's Atlantic LNG routes; FID remains on track for October 2026
ADNOC's LNG subsidiary disclosed "temporary operational adjustments" at its 6 MTPA Das Island plant after navigation disruptions in the Strait of Hormuz — making it the second major Gulf LNG exporter to report output cuts in three weeks, following Iranian missile strikes on QatarEnergy's Ras Laffan liquefaction infrastructure
The world's largest energy conference opened Monday under the shadow of the biggest supply disruption in history. These are the voices that defined Day One
The conference built around artificial intelligence became an energy crisis summit overnight. S&P Global's Daniel Yergin opened the 44th edition with an unambiguous verdict — then laid out ten strategic takeaways for a market with no clear exit in sight
In less than 24 hours, Iran struck Ras Laffan twice — the world’s largest liquefied natural gas export complex before the conflict — and hit refineries in Kuwait and Saudi Arabia. The benchmark crude price is trading at levels not seen since 2022. For Argentina, the equation has two sides, and neither is neutral.
John Mearsheimer argues that no one can tell a credible story about how the conflict with Iran ends. For energy markets, that uncertainty is not rhetorical — it is a pricing variable. Brent crude hit $119, and analysts warn that the geopolitical risk premium is here to stay.
The Islamic Revolutionary Guard Corps (IRGC) did not need a war fleet to paralyze 20% of the global oil supply. Targeted attacks on commercial vessels — and the collapse of the maritime insurance market that followed — were enough. Now there are mines in the water that struck the cargo ship Mayuree Naree today in the Strait of Hormuz.
