Global gas markets face their biggest shock since 2022 on Iran conflict in Oil & Companies News 03/03/2026 The global energy sector is bracing for its most significant disruption since the invasion of Ukraine four years ago. As the conflict in Iran escalates, the Strait of Hormuz, the world’s most crucial artery for liquefied natural gas (LNG), has ground to a screeching halt. Ship-tracking data confirms that at least 11 major LNG tankers have paused their voyages, with Japanese shipping giants and ordering their fleets to wait in safe waters. Iranian state media has described the waterway as “practically closed,” effectively trapping 20% of the world’s LNG supply behind a naval blockade. There is simply “no replacement” for the massive volumes of Qatari gas that flow through this narrow passage, which, unlike oil, can’t be occasionally rerouted via pipelines. Asia’s dependency trap and the price ripple Asian buyers are currently standing on the front lines of this crisis. Traders in China, India, and Japan, the world’s top importers of Qatari energy, are reportedly making frantic, last-minute calls to alternative suppliers to secure “gap” cargoes. However, with an already tight market, traders are bracing for a massive spike in spot prices that could reverse a year of energy price stability in a matter of days. The pain isn’t limited to the spot market. Because many long-term LNG contracts are indexed to crude oil, a simultaneous surge in Brent prices means that even “secured” gas will become exponentially more expensive for households and industrial manufacturers. Production risks and regional shortages The crisis is also triggering a dangerous feedback loop in production. LNG facilities require a steady flow of departing tankers to keep their cooling units running; without exports, Qatar and the UAE may be forced to shut down production entirely. Beyond the Gulf, the fallout is spreading to the Mediterranean and Eurasia. With Israel shuttering gas fields and Iranian pipeline flows to Turkey under threat, nations like Egypt are being forced onto the expensive seaborne market. The situation creates a global “bidding war” for the few remaining available cargoes, ensuring that whether the conflict remains localized or not, the economic cost will be felt by consumers worldwide. Should you be buying 9101 right now? ProPicks AI evaluates 9101 alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if 9101 is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space? Source: Investing.com 2026-03-03 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEv