The impact of the Iran conflict on LNG contracts

Thursday, 07 May 2026 10:46

Maritime war insurance for vessels in the Persian Gulf has been unavailable since the earliest days of the armed conflict between Iran, the United States and Israel. The Iran conflict and effective Hormuz blockade has a far-reaching impact on LNG sale and purchase agreements (SPAs), dependent on their contractual terms, termination rights and wider implication for projects bankability; James Douglass, energy partner at Keystone Law explains.


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