Qatar has suspended plans to increase liquefied natural gas (LNG) production following an attack on a tanker in the Strait of Hormuz.
The state-backed energy producer will scale back operations at its export facilities to a minimum, significantly reducing the number of vessels being loaded.
This decision marks a direct operational response to the escalating security threats in the critical waterway, which handles a substantial portion of global LNG trade.
The move comes as shipping risk premiums remain elevated in the region.
Despite earlier diplomatic efforts to normalize transit, the attack has reignited concerns over supply chain vulnerability.
Global LNG markets are likely to face renewed upward pressure as traders price in the immediate reduction in available cargo from one of the world's largest exporters.