Qatar has halted LNG tankers from passing through the Bab el-Mandeb Strait following US-led airstrikes on Houthi targets in Yemen, amplifying risks in the Middle East, and accelerating worries about rising LNG prices. This decision affects LNG supplies to Europe, although it’s unlikely to cause immediate shortages due to Europe’s well-stocked reserves and reduced industrial demand. European gas prices have decreased, and several LNG vessels are currently on hold near the strait.