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The Iran war natural gas crisis intensified dramatically on March 4, 2026, when QatarEnergy declared force majeure on all LNG shipments and shut down its gas liquefaction facilities — removing 20% of the world’s liquefied natural gas supply from the…
Gas prices are set to spike 15–30 cents or more per gallon because of the Iran war and Strait of Hormuz disruption. Working Millennials and Gen Z will absorb this shock without the pension, housing equity, or safety net that Boomers had in 1973 and 1979.