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Middle East Supply Shock Lifts Oil While Asia’s LNG Market Faces Strain

Middle East Supply Shock Lifts Oil While Asia’s LNG Market Faces Strain

Liquefied natural gas flows to Asia face disruption after QatarEnergy halted output at the Ras Laffan complex and declared force majeure following Iranian drone strikes on key industrial sites, raising regional supply risk. The outage, combined with shipping disruptions near the Strait of Hormuz, has heightened concerns for Asian buyers and coincided with sharp moves in Oil – US Crude, Oil – Brent Crude, and Natural Gas.

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Over the past month, US crude futures have climbed about 56.37% and Brent has risen roughly 51.91%, reflecting a risk premium tied to Middle East supply uncertainty and tighter expected balances, with both showing a 1-day technical bias of Buy and Buy, respectively. By contrast, benchmark natural gas prices are down about 5.66% amid ample inventories and weaker demand signals, and screen a near-term Sell indication despite the LNG disruption backdrop. Investors can explore more updates, prices, and analysis across global markets at Commodities.

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