The ongoing conflicts in the Middle East, particularly involving Iran, are creating significant challenges for global energy markets. As Gulf LNG shipments approach their ports, the world stands on the brink of a gas supply cliff. The blockade of the Strait of Hormuz has heightened fears of a looming LNG supply crunch, forcing Asian countries to pivot back to coal due to diminishing resources. Analysts warn that attacks on energy sites in the region exacerbate the threat to the US economy, while the duration of disruptions caused by these geopolitical tensions could last for years, particularly affecting nations that rely heavily on Qatari LNG. With the crisis escalating, LNG tanker rates have surged dramatically, and US gas exporters may emerge as beneficiaries. Additionally, the disruption has driven some countries to reconsider their reliance on gas in favor of coal, as they brace for potential long-term impacts on energy costs and availability.