Qatar is facing a severe economic crisis as the ongoing Iran conflict has shut down the Strait of Hormuz, effectively halting its liquefied natural gas exports. The blockade-sparked by U.S.-Israeli airstrikes on Iran-has cut off a critical chokepoint for global energy trade.
Markets are now pricing only a 42.5% chance that traffic through the strait returns to normal by July 31, down 1.5 points in the last 24 hours. This disruption affects not only Qatar but also global energy markets, with the strait being vital for international shipping.
Observers are closely watching diplomatic efforts and potential military escalations involving the U.S. Navy, Iranian forces, and regional players like Saudi Arabia and the UAE.