CommoditiesMedium•3 November 2026•
1 min read
IEA Warns of Record Global LNG Supply Drop Amid Iran Conflict
Key Facts
1The IEA expects the steepest annual decline on record for global LNG output as the Iran war chokes off supplies.
The International Energy Agency expects the steepest annual decline on record for global liquefied natural gas output due to the war in Iran. The Wall Street Journal reported that the conflict has choked off supplies and disrupted supply chains, leading to a tightening global market and intensified bidding among importers for remaining cargoes.
The war in Iran has physically restricted supply routes and production capacity, prompting the IEA to warn of a record supply contraction. LNG prices face upward pressure as the market continues to price in the ongoing conflict and its impact on global energy security.