UK has just TWO DAYS’ worth of natural gas stored – sparking fears of a supply shortage as Iran shuts Strait of Hormuz | 8 March 2026 | Britain has just two days’ worth of natural gas in storage, sparking fears of a shortage crisis as the Middle East conflict shut down the world’s largest gas facility and Iran closed a key shipping channel. The UK’s gas reserves have dwindled from 18,000 GWh last year to 6,700 GWh, enough for just 1.5 days of demand, according to new data published by National Gas. There is a similar quantity stored as liquefied natural gas (LNG). Disruption to the gas market is driven partly by the near-total closure of the Strait of Hormuz, through which around 20 per cent of the world’s natural gas and oil flows, and also by the shutdown of production in some places. Qatar announced at the beginning of the week it had suspended production at Ras Laffan, the world’s largest natural gas facility, after it came under Iranian bombardment. Meanwhile, oil prices could rise to $150 per barrel if the war drags on, industry experts warned.