Iran's gas exports face disruption as conflict halts critical infrastructure projects, forcing buyers to reroute supplies through volatile regions. Bloomberg Markets reports that Gulf of Oman shipping lanes—vital for 40% of global LNG—are now under heightened security scrutiny, delaying contracts worth over $12 billion annually. European and Asian traders are scrambling to secure alternative routes, with trade routes shifting toward riskier overland pipelines and smaller coastal terminals. Market volatility has surged, with Brent crude-linked gas prices spiking 18% in two weeks as traders hedge against further instability.