Goldman Sachs: If the Strait of Hormuz is interrupted for a month, European natural gas prices could surge by 130%

CryptocurrencySniper · 2026-03-02T03:04:00+00:00

Goldman Sachs analysis indicates that if shipping through the Strait of Hormuz stops for one month, European natural gas prices could rise by over 130%, reaching $25 per million British thermal units. If the disruption lasts more than two months, prices could exceed €100 per megawatt-hour.

CryptocurrencySniper

2026-03-02 03:04:00

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According to Bloomberg, citing Goldman Sachs analysts, if shipping through the Strait of Hormuz stops for a month, European natural gas prices could double.

In a report on March 1, analysts including Daan Struyven noted that current benchmark prices in Europe and Asia have almost not factored in the risk premium related to Iran. About one-fifth of the world’s liquefied natural gas (LNG) is transported through the Strait of Hormuz. A one-month shutdown could cause spot LNG prices in Europe and Asia to surge by 130%, reaching $25 per million British thermal units.

The report suggests that if the disruption lasts longer than two months, European natural gas prices could be pushed above €100 per megawatt-hour (approximately $35 per million British thermal units).

Qatar is one of the world’s largest LNG producers, and its exports are shipped through the Strait of Hormuz to customers in Asia and Europe. Data from ship tracking compiled by Bloomberg shows that after the U.S.-Israel airstrikes on Iran, at least 13 LNG carriers on the eastern side of the strait have rerouted.

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