The latest attacks have struck the largest LNG facility in the globe. This massive equipment could take a long time to rebuild, only presuming there would be a let up in the conflict. This uncertainty has disrupted global markets with end users in Asia and Europe looking at elevated gas prices.

The US has become the largest LNG exporter globally, but this is such a massive supply shock that even with all US energy facilities running, it's not enough to backfill the deficit. The impacts will have immediate consequences for end users in Southeast Asia.

Given the uncertainty in terms of the extent of damage and not knowing how long repairs would take, this massive infrastructure will have an enduring impact. It's not just clearing the Strait of Hormuz, but having the labor, equipment, and workforce for repairs could take a significant amount of time.