The Iran war has begun to cause widespread and unprecedented disruptions to global helium gas supplies, threatening vital supply chains directly linked to the manufacture of electronic chips and high-tech devices, as well as the healthcare sector around the world.

International fears of a shortage of this vital gas have escalated in light of the decline in global production and the cessation of operations at the Ras Laffan complex of the Qatar Energy Company – which is the largest liquefied natural gas facility in the world – following a missile attack, in conjunction with continuing threats to close the strategic Strait of Hormuz and obstruct the movement of maritime shipping.

The State of Qatar contributes between 30% and 40% of the global production of helium gas. The report warned that the continuation of the current geopolitical turmoil will lead to a deeper crisis that goes beyond traditional energy markets to affect international technical and medical joints, especially in light of the limited alternatives available and the rapid depletion of global stocks.