U.S. LNG and Global Gas Markets

U.S. liquefied natural gas exporters have emerged as major beneficiaries of the energy shock set off when strikes tied to the Iran war began on Feb. 28, 2026, constricting flows through the Strait of Hormuz and disrupting supplies from traditional exporters. Global buyers in Europe and Asia, facing sudden shortages, have turned to American cargoes to plug gaps in pipeline and Qatari LNG supplies, driving up demand for U.S. shipments and sending prices sharply higher for sellers and consumers alike.