LNG shutdowns and refinery halts complicate global energy outlook
March 2, 2026
(World Oil) – The turmoil unfolding in the Middle East is sparking the biggest disruption to oil and natural gas markets since Russia’s invasion of Ukraine in 2022. Qatar shut down the world’s largest LNG export facility, Saudi Arabia suspended operations at its biggest oil refinery and tanker traffic through the crucial Strait of Hormuz has all but halted. And it’s only Day 3. U.S. President Donald Trump
