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Published on: 04/24/2026 - 12:36 Last updated: 04/24/2026 - 12:36
The International Energy Agency said on Friday that the conflict in the Middle East could lead to the loss of about 120 billion cubic meters of total liquefied natural gas supplies in the period from 2026 to 2030, or the equivalent of 15 percent of expected global supplies, due to temporary interruptions in supply flows and a slowdown in the growth of production capacity. Oil prices rose on Friday morning due to fears of renewed military escalation in the Middle East after Iran published footage showing its forces boarding a cargo ship in the Strait of Hormuz.
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