But the bigger risk centers on the potential for Iran to close off the Strait of Hormuz, where a fifth off all the world’s oil and liquified natural gas passes through on the way to export markets. On Sunday, Iran’s supreme leader warned that any attack by the U.S. would spark a “regional war” in the Mideast, marking the most-direct threat he’s made so far during Trump’s military build-up in the area. McNally on Thursday flagged the escalating rhetoric and highlighted the potential for upheaval in the LNG market in the event of an Iranian blockage of the strait.
Author: Jason Ma
Published at: 2026-02-01 21:53:23
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