Iran Crisis Risks Major Disruption in Global Gas Markets

Middle Eastern outlets stress that Gulf states are caught between US-Israel military action and Iran, facing both security risks and pressure on oil and gas exports. They highlight damaged tankers, cancelled war risk insurance, and disrupted fuel assessments as direct blows to the region’s role as a reliable energy supplier. Some voices argue Gulf governments must find a political way out to avoid long‑term harm to their economies and to regional trade routes.

• •Gulf governments are squeezed between US-Israel operations against Iran and the need to avoid becoming direct targets.
• •Damage to three tankers in the Gulf and cancelled war risk cover are undermining confidence in regional shipping lanes.
• •Fuel assessments from Platts are being disrupted, making it harder for traders to price Middle Eastern crude and products.
• •Gulf stock markets opened with sharp swings as investors reassessed the region’s economic outlook under conflict.
• •Commentators in the region call for diplomatic steps to reduce the risk of further attacks on shipping and energy sites.