Qatar halts gas exports as the Strait of Hormuz remains closed. Traffic normalization by July 31 at 42.5% YES.

As Qatar's export predicament continues, the message from Doha is that shortages and price spikes are around the corner if Hormuz isn't opened soon.

The heads of both Saudi Aramco and QatarEnergy warn that tanker logistics are the biggest impediment to quickly restarting energy flows.

Twenty percent of the world’s natural gas and oil used to pass through the strait.

Chinese vessels exit the Strait of Hormuz amid opposition to Iranian tolls. Strait traffic by May 15 at 0.1% YES.

US rejects Iran's proposal amid tensions. Strait of Hormuz traffic normal by December 31 at 76.5% YES.

US redirects 75 ships in the Strait of Hormuz amid rising tensions with Iran. Daily transits of 0-10 by May 31 at 70.5% YES.

A U.S. Army helicopter monitored ships amid ongoing blockade enforcement in the Strait of Hormuz. Transit of 20 ships by May 31 now at 46.5% YES.

Iran conflict boosts coal demand as the Strait of Hormuz remains closed. Traffic returns to normal by July 31 at 42.5% YES.

Gulf freight rates rise amid ongoing disruptions in the Strait of Hormuz. Average daily transits of 0-10 by May 31 at 88% YES.

Qatar halts gas exports as the Strait of Hormuz remains closed. Traffic normalization by July 31 at 42.5% YES.

Qatar's LNG exports halted for 60 days after Strait of Hormuz closure and Ras Laffan strikes. Full restoration could take 3-5 years, reshaping global energy markets.

Strait of Hormuz faces potential closure, impacting oil stockpiles. Traffic normal by July 31 at 42.5% YES, Bab el-Mandeb Strait closed by May 31 at 5% YES.