April 2026 Vol. 81 No. 4 Editor's Log By Robert Carpenter, Editor-in-Chief (UI) — As knee-jerk reactions – typical of the energy world – reverberate around the globe due to the war in Iran, I thought a dose of reality might be somewhat reassuring, at least from the North American natural gas market perspective. Until the Strait of Hormuz was essentially shut down due to Iranian extortion, all was good in the world of oil and gas supply.