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CommoditiesHigh Impact•6 March 2026•

1 min read

QatarEnergy Declares Force Majeure on LNG Exports Amid Strait of Hormuz Disruptions

Infographic of oil tankers and the Strait of Hormuz map with text showing a 9% oil price increase to 104.

Key Facts

1QatarEnergy declared force majeure on LNG exports following disruptions at Ras Laffan industrial city facilities.

2Shipping in the Strait of Hormuz has come to a near-complete halt due to the U.S.-Israeli conflict with Iran.

QatarEnergy has officially declared force majeure on its liquefied natural gas (LNG) exports following significant operational disruptions at Ras Laffan Industrial City. The declaration comes as shipping through the Strait of Hormuz has reached a near-complete standstill due to the escalating conflict involving the U.S., Israel, and Iran. As Qatar accounts for approximately 20% of global LNG exports, this development represents a massive supply shock to international energy markets. The company stated that the extraordinary circumstances are beyond its control, rendering it unable to meet its current contractual obligations. Market analysts anticipate record-breaking price spikes across major benchmarks, including TTF and JKM, as supply chains face unprecedented pressure. The closure of this vital maritime chokepoint underscores a growing crisis in global energy security with few immediate alternatives available for major importers.