Bloomberg This Weekend US Lifts Sanctions on 140 Million Barrels of Iranian Oil
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Mar 21, 2026 
Andy Weir, bestselling sci‑fi author of The Martian and Project Hail Mary, discusses his science-first storytelling and creature design. Ernesto Soberón Guzmán, Cuba's UN ambassador, talks about the island’s humanitarian strains and pushback to U.S. pressure. Brendan Duvall, LNG executive and founder of Glenfarne Group, breaks down market shocks from Middle East attacks and implications for global gas supplies.
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Strait Disruptions Sent LNG Prices Soaring
- Global LNG prices jumped from about $10–$11/MMBtu to $20–$30/MMBtu amid Strait of Hormuz disruptions and fear of missing cargos.
- Brendan Duvall cites evaporating LNG, shut-ins at wells, and Strait access as primary drivers of the price spike and supply risk.
LNG Cargoes Are Perishable And Slow To Recover
- LNG is perishable: unshipped liquefied volumes evaporate and force shutdowns at wells, delaying restart timelines.
- Duvall warns repairs or rebuilding could take three to five years if facilities must be reconstructed rather than inspected and restarted.
Get More U.S. Gas On The Water
- U.S. natural gas exporters should push more projects to get gas "on the water" to access global indices and buyers.
- Duvall says more LNG projects will raise long-term Henry Hub prices and expand export exposure.
