The ongoing Iran war has led to significant upheaval in global liquefied natural gas (LNG) markets, with major impacts on supply and pricing. Key players in the LNG industry are grappling with a sharp decline in exports, reaching a six-month low, primarily due to reduced flows from Qatar as it declares force majeure on several contracts. Analysts are highlighting the intensified risks associated with LNG supply chains, particularly amidst military attacks affecting key infrastructure like the Ras Laffan LNG plant. U.S. natural gas exporters are seeing a surge in demand, capitalizing on the crisis, while concerns mount over high LNG prices and their effects on international buyers. As the global landscape shifts, Asia is reportedly increasing coal usage due to the gas supply squeeze, and the long-term outlook suggests that the fallout from these developments could reshape international energy strategies for years to come.