Qatar LNG exports slump 42% as Hormuz blockade, Iranian strikes bite

Qatar's gas export revenue has fallen 42% since February, when Americo-Israeli strikes on Tehran triggered Iranian retaliation against Qatari energy facilities and a blockade of the Strait of Hormuz, the sole route for its LNG tankers. The emir acknowledged losing a 'significant portion' of exports, marking a major supply disruption for the world's second-largest LNG exporter. The blockade and attacks constitute a sustained shock to global LNG supply, with implications for energy prices and European and Asian buyers reliant on Qatari gas.