Rachel Abrams

And because the Strait of Hormuz has been closed, oil prices spiked super quickly because of the uncertainty about when the strait would actually open again.

That is still a huge issue.

But it seems like in the last few days, the energy situation has expanded beyond the strait.

So tell us what's been going on.

You're talking about different attacks, right?

You're talking about the Israel attacks on the Iran energy infrastructure and the Iranian attacks on infrastructure in Qatar, right?

Right.

the attacks, quote, fundamentally reshaped the global LNG outlook.

It's a little bit easier.

Yes, for sure.

So what exactly was struck in Qatar?

Trains feels a little misleading.

It is not as simple as oil, it sounds like.

So in total, whatever was destroyed in Qatar, what percentage of the global supply of LNG is this?

And the reason why we're talking about all of this is that unlike the Strait of Hormuz that could theoretically be opened or closed relatively easily, we're talking about damage to infrastructure, oil and gas infrastructure, that is a much longer-term disturbance into the oil market and to the global supply, etc.

I'm sure a lot of people have heard of LNG, but just tell us, what is it actually used for?

But it's safe to say for a lot of countries, particularly some of these countries in Asia, liquefied natural gas is the main source of energy that people use for their homes.

This is what we hear when we hear people talk about fears about rising food costs.

I feel like fertilizer is the thing that is cited the most right now.

So how has the world felt the impact of this LNG shortage so far?