The ongoing conflict in Iran is prompting LNG (liquefied natural gas) buyers and sellers to diversify supply routes as disruption risks rise around the Strait of Hormuz, a waterway that has traditionally handled around 20% of global LNG trade. Geopolitical tensions have reduced LNG flows from key suppliers including Qatar and the UAE, pushing prices higher and intensifying efforts by European and Asian markets to secure alternative cargoes. Market pricing also reflects concern about broader energy costs, particularly crude oil. The outlook for oil prices depends on the conflict's duration and escalation, as well as how effectively global markets adapt to supply-chain disruption. Participants are expected to monitor regional stability, forecasts and potential policy adjustments from the OPEC Secretary General and the IEA Executive Director. The material also promotes live prediction-market analysis from Vera.