Suspected drone strike near Hormuz raises LNG shipping risk
A suspected drone strike on a merchant vessel near the Strait of Hormuz is testing a fragile U.S.–Iran framework agreement to restore shipping flows through one of the world’s most critical energy corridors, with implications for LNG trade.
Qatar stocks fall on LNG production halt after Iran drone attacks
Qatar’s stock market fell sharply after QatarEnergy announced it had suspended LNG output after drone attacks attributed to Iran hit facilities in Ras Laffan Industrial City and Mesaieed Industrial City. Crude oil prices soared 13% to over $82 while prices at Europe’s gas trading benchmark, the Dutch TTF surged by more nearly 40%, underscoring how tightly integrated global power‑generation markets are with LNG shipments from the Arab Gulf region.
Novatek net profits plunge amid lower prices, Western sanctions
Russia's largest LNG producer Novatek has reported a sharp 63% drop in net profit, citing lower commodity prices, Western sanctions, and operational disruptions at its Ust-Luga terminal following a Ukrainian drone attack. 2025 net profits fell to 183 billion roubles ($2.37 billion), down from 493 billion roubles in the previous year.
