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QatarEnergy has extended force-majeure notices and will be unable to deliver liquefied natural gas cargoes to Italian utility Edison and certain Asian customers while the Strait of Hormuz remains closed, Edison and trading sources said Monday. The extension, reported by Reuters on September 29, 2026, is the latest sign that a prolonged Hormuz shutdown is tightening global energy markets.
What happened
QatarEnergy notified customers that it cannot deliver some LNG cargoes as long as the key waterway stays shut to shipping. Edison confirmed it is affected, alongside certain Asian buyers, according to the sources.
- Who is affected: QatarEnergy customers including Italian utility Edison and certain Asian buyers
- What: extended force-majeure notices on LNG cargo deliveries
- Why: the Strait of Hormuz remains closed to shipping; the US-Iran war began in late February 2026
Why it matters
The Strait of Hormuz carries one-fifth of the world’s oil, so its continued closure has outsized effects across energy markets. Middle East crude exports recovered to 12.8 million barrels a day in September — the highest since February, according to Kpler — but much of the flow moves through costlier workarounds such as ship-to-ship transfers. Oil prices climbed for a second straight session Tuesday, with Brent crude futures up 1.6% to $106.99 a barrel and WTI up 1.5% to $94. The Wall Street Journal reports European gas prices are rising on the prospect of prolonged LNG disruptions.
What to watch
US-Iran mediator talks continued Monday in New York, and Iran expects a US response to its ceasefire proposals this week. Any movement toward reopening Hormuz would be the single biggest variable for both LNG and oil markets in the coming days.
Related reading: Middle East Oil Exports Rebound as Iran’s Grip on Hormuz Slips; Ship Strikes Resume in the Strait of Hormuz as Iran Says Waterway Stays Closed
Sources: Reuters; Wall Street Journal
Auto-posted by the Bull Lounge news desk.
Not financial advice.How exposed are European gas markets if the Strait of Hormuz stays shut through the winter heating season?
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