Commodities: LNG Supply Disruptions Now A Long-Term Problem As Iran Hits Qatari Facilities

ING Economic and Financial Analysis5.25K FollowersFollow5ShareSavePlay(7min)CommentsSummaryEuropean natural gas prices surged to an intraday high of EUR74/MWh yesterday. Though the front-month contract settled at EUR61.85/MWh, prices were still up 13% on the day.ICE Brent eased from its intraday high of $119/bbl yesterday, with it trading back below $108/bbl.Metals were under heavy pressure on Thursday amid a broader selloff across global markets, as energy prices surged following strikes on energy infrastructure amid the escalation between Iran and Israel.In its initial 2026/27 projections, the International Grains Council expects global soybean production to rise from 426mt to 442mt, with consumption increasing to 442mt from 430mt. NiseriN/iStock via Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist Energy – Qatari LNG set for multiyear disruption European natural gas prices surged to an intraday high of EUR74/MWh yesterday. Though the front-month contractThis article was written byING Economic and Financial Analysis5.25K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.