What You Need to Know Sept 1–2, 2026

THE BIG PICTURE

  • Renewed U.S.–Iran fighting slams the Strait of Hormuz shut again.
  • Asian spot LNG jumps to a five-month high.
  • South Asian buyers priced out; Pakistan faces fresh blackouts.
  • Record U.S. exports
  • Buyers pivot to solar, pipelines and term deals to escape spot.