The Take How the Iran war is about to hit your wallet
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Mar 23, 2026 Justin Dargin, energy expert and senior fellow focused on Gulf energy markets, explains how strikes on gas infrastructure ripple worldwide. He outlines why targeting energy escalates conflict. He walks through LNG processing, Qatar export routes, who pays higher prices first, impacts on electricity and food, and why the Global South faces the worst pain.
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Energy Infrastructure Is The New Frontline
- Iran's campaign is now a systematic attack on regional energy arteries rather than isolated military strikes.
- Justin Dargin explains Iran pledged to retaliate against energy infrastructure, escalating to a direct hit on global energy supply chains.
Ras Laffan Damage Threatens Global LNG Supply
- Ras Laffan is the world's largest concentrated LNG complex and accounts for roughly 20% of global LNG supply.
- Dargin says ~17% of the facility was severely damaged and repairs could take three to five years due to specialized equipment and security constraints.
Qatar Supplies Asia And Europe With Little Short-Term Replacement
- Qatar's LNG exports primarily serve Asian markets like South Korea, Taiwan, and India while also growing as an EU supplier post-Ukraine war.
- Dargin warns other suppliers (US, Australia) can't quickly scale to replace lost Qatari volumes.